Texas Utilities Code 122.202 – Penalty for Failure to Pay Tax
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Utilities Code 122.202
- 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
A person who is required to pay a tax imposed by this chapter and fails to pay the tax as required by Sections 122.101 and 122.103 shall pay:
(1) a penalty of five percent of the amount of the tax due and unpaid; and
(2) if the tax is not paid before the 31st day after the date the tax payment is initially required to be made, an additional penalty of five percent of the amount of the tax due and unpaid.