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TX HB5268
Bill
Status
3/14/2025
Primary Sponsor
Sergio Munoz
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AI Summary
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Caps penalties at $500 for failure to pay taxes or file required tax reports under Title 2 or 3 of the Texas Tax Code, except for certain fraud-related penalties
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Requires the comptroller to apply taxpayer payments to the tax amount owed first, before applying any portion to penalties or interest
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Allows taxpayers to provide written instructions directing how their payments should be applied if they prefer a different allocation
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Applies only to payments received and taxes/reports originally due on or after September 1, 2025; prior obligations remain governed by existing law
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Takes effect September 1, 2025
Legislative Description
Relating to the maximum amount of penalties that may be imposed for delinquent taxes and tax reports and the application of taxpayer payments to taxes, penalties, and interest.
Taxation
Last Action
Left pending in committee
5/5/2025