Tex.
Tax Code Section 154.050
Payment
(a)
The comptroller shall require that payment in full for stamps be made within 30 days after the date stamps and an accompanying invoice from the comptroller are received by the distributor, except that at the close of each biennium, payment for stamps purchased or received on or before August 31 of that fiscal year shall be made in full on or before August 31 of that fiscal year, providing that such payment be received in the office of the comptroller no later than August 31 of that fiscal year notwithstanding any other statute regarding tax due dates to the contrary.(b)
The comptroller may not ship stamps without advance payment under this section unless the distributor has satisfied all requirements imposed under Section 154.051 (Cigarette Tax Recovery Trust Fund).(c)
Payment for stamps must be made by cashier’s check payable to the comptroller, electronic funds transfer to the comptroller, or any other method of payment authorized by the comptroller.(d)
The dishonor of a check delivered to the comptroller for payment of stamps constitutes a failure to pay the tax when due.
Source:
Section 154.050 — Payment, https://statutes.capitol.texas.gov/Docs/TX/htm/TX.154.htm#154.050 (accessed Apr. 29, 2024).
