The Comptroller of Public Accounts proposes an amendment to §3.601, concerning definitions, changes in ownership, gross receipts regulations, and record keeping requirements. This section is amended to provide notification and record keeping requirements.

Subsection (b)(2) is amended to require general business license holders to file written notification of change of ownership of a machine, as required for registration certificate holders. Subsection (d)(1)(F) is amended to require that directions to a location included in a licensee's records when location address is a rural route and box number. Subsection (d)(1)(G) is amended to require that the notification of change of machine ownership is included in a licensee's records.

John Heleman, Chief Revenue Estimator, has determined that for the first five-year period the rule will be in effect, there will be no significant revenue impact on the state or units of local government.

Mr. Heleman also has determined that for each year of the first five years the rule is in effect, the amendment would have no fiscal impact on the state or on units of local government. This rule is adopted under Tax Code, Title 2, and does not require a statement of fiscal implications for small businesses. There is no significant anticipated economic cost to individuals who are required to comply with the proposed rule.

Comments on the proposal may be submitted to Bryant K. Lomax, Manager, Tax Policy Division, P.O. Box 13528, Austin, Texas 78711-3528.

This amendment is proposed under Tax Code, §111.002 and §111.0022, which provides the Comptroller with the authority to prescribe, adopt, and enforce rules relating to the administration and enforcement of the provisions of Tax Code, Title 2, and taxes, fees, or other charges which the comptroller administers under other law.

The amendment implements Occupations Code, §2153.201 and §2153.202.