Texas Tax Code
§ 201.351 — DELINQUENT TAX; PENALTY
TX § 201.351Title 2. STATE TAXATION · Part I. SEVERANCE TAXES · Ch. 201. GAS PRODUCTION TAX · Art. H. PENALTIES
Statute text
View on source(a)A person who fails to pay the tax imposed by this chapter when due forfeits five percent of the amount due as a penalty, and if the person fails to pay the tax within 30 days after the day on which the tax is due, the person forfeits an additional five percent.
(b)The minimum penalty provided by this section is $1.
(c)Notwithstanding Subsections (a) and (b), a person is not subject to a penalty under Subsection (a) if:
(1)the delinquent tax results from the person's filing of an amended report with the comptroller for a timely filed original report under Section 201.203 or 201.2035;
(2)the person timely paid the full amount of tax due as indicated in the original report;
(3)the amount of additional tax due as a result of all amended reports for the original report does not exceed 25 percent of the tax due as indicated in the original report;
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Legislative history
Acts 2017, 85th Leg., R.S., Ch. 702 (H.B. 3232), Sec. 1, eff. January 1, 2018.