Relating to certain reimbursements and discounts allowed for the collection and payment of sales and use taxes.

HB 1873 amends Texas tax law to adjust how businesses are reimbursed for collecting sales and use taxes. It allows businesses to deduct 0.5% of non-credit card sales tax collections and 2.5% of credit card sales tax collections as reimbursement for their collection costs. Businesses can also choose to direct this reimbursement toward education grants by using a card provided with tax forms. Additionally, the bill adds a 1.25% prepayment discount for non-credit card sales taxes when a reasonable estimate (at least 90% of the tax due) is submitted, but no discount applies to credit card sales prepayments. These changes apply to tax reports due on or after the bill's effective date.