Texas Utilities Code - Section 122.202. Penalty For Failure To Pay Tax
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Texas Laws > Utilities Code > Texas Utilities Code - Section 122.202. Penalty For Failure To Pay Tax
§ 122.202. PENALTY FOR FAILURE TO PAY TAX. A person who
is required to pay a tax imposed by this chapter and fails to pay the
tax as required by Sections 122.101 and 122.103 shall pay:
(1) a penalty of five percent of the amount of the tax
due and unpaid; and
(2) if the tax is not paid before the 31st day after
the date the tax payment is initially required to be made, an
additional penalty of five percent of the amount of the tax due and
unpaid.
Acts 1997, 75th Leg., ch. 166, § 1, eff. Sept. 1, 1997.
Section: 122.101 122.102 122.103 122.104 122.151 122.152 122.201 122.202 122.203 122.204 122.205 123.001 123.002 123.021 123.022
Last modified: August 11, 2007
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