Texas Occupations Code 2153.205 – Reimbursement for Taxes and Fees
Current as of: 2024 | Check for updates
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(a) The first money earned from the exhibition of a coin-operated amusement machine may be paid to the owner to reimburse the owner for payment of:
(1) the tax imposed for that year by Section 2153.401; and
(2) a tax authorized by Section 2153.451 and imposed for that year by a county or municipality.
(b) A portion of the money earned each year from the exhibition of a coin-operated machine shall be paid to the owner in an amount necessary to reimburse the owner for the next year’s payment of:
(1) the tax imposed by Section 2153.401; and
(2) any other tax or fee imposed on the exhibition of the machine.
Terms Used In Texas Occupations Code 2153.205
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Contract: A legal written agreement that becomes binding when signed.
- Year: means 12 consecutive months. See Texas Government Code 311.005
(c) An owner may not:
(1) agree or contract, or offer to agree to contract, to waive the reimbursement provided by Subsection (b); or
(2) agree or contract with a bailee or lessee of a coin-operated machine to compensate the bailee or lessee in an amount that exceeds 50 percent of the gross receipts earned from the exhibition of the machine after the reimbursement provided by Subsection (b).
(d) The comptroller shall revoke the license of a license holder who violates this section.