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Relating to the date by which a seller must provide resale and exemption certificates to the comptroller in connection with a sales and use tax audit.
No fiscal implication to the State is anticipated.
Under current law a seller must be in possession of resale and exemption certificates within 60 days from the date of a written notice from the comptroller. SB 296 would extend this to 90 days, giving more time for a seller to comply with a sales and use tax audit.
Texas Action supports SB 296 on the principles of limited government and individual liberty because the bill would provide greater flexibility in the timeframe required to comply with a sales and use tax audit.
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