TX SB1337

Interest on delinquent taxes must be computed on the net amount remaining after deducting any overpayments of the same tax made by the taxpayer for the same period or preceding periods

Penalties for failure to pay taxes or file reports must be calculated on the net tax amount after deducting any overpayments for the same or preceding periods

Interest on tax refunds for overpayments or erroneous payments must be computed on the net amount remaining after deducting any underpayments of the same tax for the same or preceding periods

The comptroller is now required (changed from "may" to "shall") to offset overpayments against underpayments, penalties, and accrued interest for the same or different periods

The amendments are declared to be clarifications of existing law, with immediate effect upon two-thirds vote of each house or September 1, 2025