TX SB831

Increases the reimbursement rate for taxpayers collecting sales and use 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

Defines "credit card" as a card or equivalent device used for purchases based on the cardholder's promise to pay the issuer, and "credit card sale" as a taxable item sale paid for by credit card

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

Requires prepayment estimates to be at least 90% of the tax ultimately due or the amount paid in the same period the previous year to qualify for the prepayment discount

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