34 TAC §3.193
The Comptroller of Public Accounts adopts an amendment to
§3.193, concerning bad debt deductions, without changes to the proposed
text as published in the October 16, 1998, issue of the
Texas Register
(23 TexReg 10620).
The amendment will clarify the manner by which a permitted gasoline distributor
or diesel fuel supplier may claim a bad debt deduction. Any reference to the
word "refund" has been eliminated to conform with current reporting procedures.
A grammatical correction has been made to subsection (a)(2)(E) adding after
the semicolon the word "and."
No comments were received regarding adoption of the amendment.
This amendment is adopted under the Tax Code, §111.002,
which provides the comptroller with the authority to prescribe, adopt, and
enforce rules relating to the administration and enforcement of the provisions
of the Tax Code, Title 2.
The amendment implements the Tax Code, §§153.1195, 153.2225,
and 153.409.
This agency hereby certifies that the adoption has been reviewed
by legal counsel and found to be a valid exercise of the agency's legal authority.
Filed with the Office of the Secretary of State on January
15, 1999.
TRD-9900284
Martin Cherry
Chief, General Law
Comptroller of Public Accounts
Effective date: February 4, 1999
Proposal publication date: October 16, 1998
For further information, please call: (512) 463-4062