Sec. 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, Sec. 1, eff. Sept. 1, 1997.
Section: Previous 122.001 122.051 122.052 122.101 122.102 122.103 122.104 122.151 122.152 122.201 122.202 122.203 122.204 NextLast modified: September 28, 2016