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TX SB2697
Bill
Status
3/13/2025
Primary Sponsor
Cesar Blanco
Click for details
AI Summary
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Clarifies procedures for filing entities whose corporate privileges are forfeited under the Tax Code for failure to file a report or pay a tax or penalty
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Requires such entities to follow Tax Code procedures to revive their corporate privileges and, if applicable, reinstate their certificate of formation
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Entities whose privileges are revived and certificates reinstated are considered to have continued in existence without interruption from the date of forfeiture
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Revival of corporate privileges or reinstatement of certificate of formation does not affect personal liability issues for governing persons, officers, or agents during the forfeiture period
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Takes effect September 1, 2025
Legislative Description
Relating to the revival of a filing entity's corporate privileges and the reinstatement of the entity's certificate of formation following certain forfeitures under the Tax Code.
Taxation
Last Action
Referred to Business & Commerce
4/3/2025