Texas Occupations Code 2001.508 – Penalties for Failure to Pay or Report
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(a) If a person fails to file a report of the fee on prizes as required by this chapter or fails to pay to the commission the fee on prizes imposed under this chapter when the report or payment is due, the person forfeits five percent of the amount due as a penalty, and after the first 30 days, the person forfeits an additional five percent.
(b) A delinquent payment of the fee on prizes accrues interest at the rate provided by § 111.060, Tax Code, beginning on the 60th day after the due date.
Terms Used In Texas Occupations Code 2001.508
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005