Sec. 151.053. SALES TAX BRACKETS. (a) If the sales price involves a fraction of a dollar, the sales tax to be added to the sales price shall be computed by multiplying the percentage rate of the sales tax times the amount of the sale. A fraction of one cent that is less than one-half of one cent is not collected and a fraction of one cent that is equal to one-half of one cent or more is collected as one cent of tax.
(b) The comptroller may publish schedules and brackets of amounts of taxes based on the formula provided by Subsection (a) of this section for use in the collection of the taxes imposed by this chapter.
Acts 1981, 67th Leg., p. 1550, ch. 389, Sec. 1, eff. Jan. 1, 1982. Amended by Acts 1984, 68th Leg., 2nd C.S., ch. 31, art. 13, Sec. 2, eff. Oct. 2, 1984; Acts 1986, 69th Leg., 3rd C.S., ch. 10, art. 1, Sec. 2, eff. Jan. 1, 1987; Acts 1987, 70th Leg., 2nd C.S., ch. 5, art. 1, pt. 3, Sec. 1.
Structure Texas Statutes
Subtitle E - Sales, Excise, and Use Taxes
Chapter 151 - Limited Sales, Excise, and Use Tax
Subchapter C. Imposition and Collection of Sales Tax
Section 151.051. Sales Tax Imposed
Section 151.0515. Texas Emissions Reduction Plan Surcharge
Section 151.052. Collection by Retailer
Section 151.053. Sales Tax Brackets
Section 151.054. Gross Receipts Presumed Subject to Tax
Section 151.055. Sales of Items Acquired for Lease or Rental
Section 151.056. Property Consumed in Contracts to Improve Real Property
Section 151.0565. Taxable Items Sold or Provided Under Destination Management Services Contracts
Section 151.058. Property Used to Provide Taxable Services and Sale Price of Taxable Services
Section 151.0595. Single Local Tax Rate for Remote Sellers
Section 151.060. Property Consumed in Repair of Motor Vehicle
Section 151.061. Sourcing of Charges for Mobile Telecommunications Services