Bill Text: TX HB3232 | 2017-2018 | 85th Legislature | Engrossed
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the penalty imposed on certain delinquent oil and gas severance taxes.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2017-06-12 - Effective on 1/1/18 [HB3232 Detail]
Download: Texas-2017-HB3232-Engrossed.html
Bill Title: Relating to the penalty imposed on certain delinquent oil and gas severance taxes.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2017-06-12 - Effective on 1/1/18 [HB3232 Detail]
Download: Texas-2017-HB3232-Engrossed.html
85R23533 CJC-F | ||
By: Darby | H.B. No. 3232 |
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relating to the penalty imposed on certain delinquent oil and gas | ||
severance taxes. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 201.351, Tax Code, is amended by adding | ||
Subsection (c) to read as follows: | ||
(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; | ||
(4) the person resolves all errors identified by the | ||
comptroller on the amended or original report that could affect the | ||
amount of tax due on that report not later than the 60th day after | ||
the date on which the amended or original report, as applicable, is | ||
filed; and | ||
(5) the person files the amended report not later than | ||
the 730th day after the date on which the original report was due | ||
and remits the full amount of the additional tax due with the | ||
amended report. | ||
SECTION 2. Section 202.301, Tax Code, is amended by adding | ||
Subsection (c) to read as follows: | ||
(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 202.201 or 202.202; | ||
(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; | ||
(4) the person resolves all errors identified by the | ||
comptroller on the amended or original report that could affect the | ||
amount of tax due on that report not later than the 60th day after | ||
the date on which the amended or original report, as applicable, is | ||
filed; and | ||
(5) the person files the amended report not later than | ||
the 730th day after the date on which the original report was due | ||
and remits the full amount of the additional tax due with the | ||
amended report. | ||
SECTION 3. Sections 201.351(c) and 202.301(c), Tax Code, as | ||
added by this Act, apply to delinquent tax owed as a result of an | ||
amended report filed with the comptroller on or after the effective | ||
date of this Act, regardless of the date on which the original | ||
report was due. | ||
SECTION 4. This Act takes effect January 1, 2018. |