TX HB2428

Increases the reimbursement rate for collecting sales taxes on credit card sales from 0.5% to 2.5% of taxes due, while maintaining the 0.5% rate for non-credit card sales

Caps the credit card sales tax collection reimbursement at $10 million per taxpayer per calendar quarter

Defines "credit card" as a payment device based on the cardholder's promise to pay the issuer, and "credit card sale" as a taxable item purchase made using a credit card

Eliminates the 1.25% prepayment discount for taxes on credit card sales, limiting that discount to only non-credit card sales tax prepayments

Takes effect October 1, 2025, applying to tax reports due and prepayments made on or after that date