Overview of the Regulation Changes
The Texas Comptroller of Public Accounts has adopted amended regulations (34 Tex. Admin. Code §§ 3.282, 3.285, and 3.287, effective 04/26/2022) concerning resale or exemption certificates.
The amendments conform to statutory provisions increasing the due date from 60 days to 90 days from the date written notice is received from the comptroller. This is the deadline by which a seller must deliver the certificates to the comptroller.
Key Points
- Previous Deadline: 60 days from the notice date
- New Deadline: 90 days from the notice date
- Effective Date: April 26, 2022
- Affected Regulations:
- 34 Tex. Admin. Code § 3.282
- 34 Tex. Admin. Code § 3.285
- 34 Tex. Admin. Code § 3.287
Purpose of the Amendment
These changes align the administrative rules with statutory updates and provide additional time for sellers to comply with the submission of resale or exemption certificates during an audit.
Note: Ensure timely collection and maintenance of resale or exemption certificates to avoid potential tax liabilities during audits.
Frequently Asked Questions
What is the new deadline for submitting resale or exemption certificates to the Texas Comptroller?
The new deadline is 90 days from the date written notice is received from the comptroller, an extension from the previous 60-day period.
When did the amended Texas regulations go into effect?
The regulation changes took effect on April 26, 2022.
Which regulations were amended by the Texas Comptroller?
The amendments affected 34 Tex. Admin. Code §§ 3.282, 3.285, and 3.287.
Why were these amendments made to the resale or exemption certificate rules?
The amendments were made to align administrative rules with statutory updates and to give sellers more time, 90 days instead of 60, to submit certificates during audits.
What happens if a seller fails to submit resale or exemption certificates on time?
Failure to submit the certificates within the 90-day window may result in potential tax liabilities during audits. It is crucial to collect and maintain these certificates proactively.