What percentage of sales tax discount is provided for timely filing?

The correct answer is 0.5%. In Texas, taxpayers who file their sales tax returns promptly can receive a discount on the amount of sales tax that they remit to the state. This incentive encourages timely compliance and helps streamline the tax collection process.

The 0.5% discount is applied to the total sales tax collected during the reporting period, rewarding businesses for their punctuality in filing. Timely filing is crucial, as it not only allows businesses to benefit from this discount but also helps maintain the overall efficiency of the tax system.

Other choices reflect different percentages that do not align with the actual provisions set forth by the Texas Comptroller regarding the sales tax discount for timely filing, making them incorrect.