Texas Tax Code

§ 111.012 — SECURITY FOR THE PAYMENT OF TAXES

TX § 111.012Title 2. STATE TAXATION · Part B. ENFORCEMENT AND COLLECTION · Ch. 111. COLLECTION PROCEDURES · Art. A. COLLECTION DUTIES AND POWERS

Statute text

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(a)If the comptroller finds that a tax imposed by this title is insecure, the comptroller may require a taxpayer to:

(1)provide security for the payment of taxes; or

(2)establish a tax escrow account at a bank or other financial institution.

(b)The security may consist of:

(1)a cash deposit filed with the comptroller;

(2)a surety bond; or

…

Legislative history

Acts 1981, 67th Leg., p. 1503, ch. 389, Sec. 1, eff. Jan. 1, 1982. Amended by Acts 1991, 72nd Leg., ch. 483, Sec. 1, eff. Sept. 1, 1991; Acts 2003, 78th Leg., ch. 209, Sec. 14, eff. Oct. 1, 2003.