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Texas Utilities Code - Section 122.201. Penalty For Failure To Report Tax

Legal Research Home > Texas Lawyer > Utilities Code > Texas Utilities Code - Section 122.201. Penalty For Failure To Report Tax

§ 122.201. PENALTY FOR FAILURE TO REPORT TAX.  A person 
who is required to report a tax imposed by this chapter and fails to 
report as required by Sections 122.102 and 122.103 shall pay:
		(1)  a penalty of five percent of the amount of the tax 
due with the report;  and
		(2)  if the report is not made before the 31st day after 
the date the report is initially required to be made, an additional 
penalty of five percent of the amount of the tax due with the 
report.

Acts 1997, 75th Leg., ch. 166, § 1, eff. Sept. 1, 1997.                    

Last modified: August 10, 2007