The Hunt County Commissioners Court entered into a contract with HDL Companies for consulting services to see if the amount the county receives in sales and use tax rebate revenue can be enhanced.
Hunt County collects one-half percent in sales and use tax on transactions within the county. But County Auditor Bruce Ballard there may be some money out there that can still be collected. “I feel that this is additional revenue the county can pick up,” Ballard said. HdL had initially wanted to appear before the commissioners before the issues surrounding the COVID-19 pandemic began in March. “Instead they provided us kind of a trial period to look at their information,” Ballard said. “They have been providing us their services for free, so we’ve been aware of them for a while,” added County Judge Bobby Stovall.
Sales taxes are one of the two main sources of revenue, along with property taxes, which feed the county’s general fund and Ballard said the taxes make up about 8 percent of the revenue in the county budget. “As we try to keep the tax rate down for our constituents, we need to try to beef up our sales tax revenue,” he said. Ballard said HDL provides reports on issues surrounding sales tax revenue collections, among them details of a 2018 decision in a federal lawsuit, which along with legislation drafted by state lawmakers allows counties in Texas to receive tax revenue from online sales.
Ballard said HdL also works to collect delinquent sales tax rebate revenue from businesses, similar to how the county retains attorneys to collect overdue property and personal property taxes. “This will help us collect sales taxes,” Ballard said, noting the company collects 30 percent of any delinquent sales taxes it collects.
Read the full article here.