Texas Tax Code

§ 201.3021 — MANAGED AUDITS

TX § 201.3021Title 2. STATE TAXATION · Part I. SEVERANCE TAXES · Ch. 201. GAS PRODUCTION TAX · Art. G. ENFORCEMENT

Statute text

(a)In this section, "managed audit" means a review and analysis of invoices, checks, accounting records, or other documents or information conducted by a taxpayer to determine a taxpayer's liability for tax under this chapter.

(b)The comptroller may, in a written agreement, authorize a taxpayer to conduct a managed audit under this section. The agreement must:

(1)be signed by an authorized representative of the comptroller and the taxpayer; and

(2)specify the period to be audited and the procedure to be followed.

(c)The decision to authorize or not authorize a managed audit rests solely with the comptroller.

(d)In determining whether to authorize a managed audit under this section, the comptroller may consider:

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Legislative history

Added by Acts 2019, 86th Leg., R.S., Ch. 1113 (H.B. 2256), Sec. 2, eff. September 1, 2019.