Loading chat...

TX HB2577

Bill

Official Source

Status

Introduced

2/7/2025

Primary Sponsor

Brian Harrison

Click for details

Origin

House of Representatives

89th Legislature Regular Session

AI Summary

  • Prohibits notices sent to taxable entities from stating a specific franchise tax amount is owed based solely on the entity's failure to file a required franchise tax report by the deadline

  • Adds new Section 171.213 to Subchapter E, Chapter 171 of the Texas Tax Code governing franchise tax reporting requirements

  • Takes effect immediately upon receiving a two-thirds vote from both chambers of the legislature

  • If two-thirds approval is not obtained, the effective date defaults to September 1, 2025

Legislative Description

Relating to the contents of a notice provided to a taxable entity that fails to file a franchise tax report when due.

Taxation

Last Action

Referred to Ways & Means

3/17/2025

Committee Referrals

Ways & Means3/17/2025

Full Bill Text

No bill text available