Sec. 151.254. EXEMPTION FROM FILING SECURITY. (a) A person who has filed security under this subchapter is exempted from the security requirements of this subchapter and is entitled, on request, to have the comptroller return, refund, or release the security if in the judgment of the comptroller the person has for two consecutive years continuously complied with the conditions of the security filed under this subchapter.
(b) A person who received a sales tax permit or was registered as a retailer before January 1, 1974, and has not been determined to be delinquent as provided by Section 151.251(b) of this code or been required to file security under this subchapter is exempted from filing security.
Acts 1981, 67th Leg., p. 1557, ch. 389, Sec. 1, eff. Jan. 1, 1982.
Structure Texas Statutes
Subtitle E - Sales, Excise, and Use Taxes
Chapter 151 - Limited Sales, Excise, and Use Tax
Subchapter G. Seller's and Retailer's Security
Section 151.251. Security Required
Section 151.252. Temporary Permit
Section 151.253. Security: Requirements
Section 151.254. Exemption From Filing Security
Section 151.256. Failure to Provide Security: Loss of Permit
Section 151.257. Forfeiture of Security: Determination
Section 151.258. Sale of Security
Section 151.259. Security Insufficient to Pay Tax
Section 151.260. Security Sufficient to Pay Tax