Tex. Util. Code § 122.201

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 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.

Tex. Util. Code § 122.201

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