Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 3994 modifies the computation of tax penalties and interest under the Texas Tax Code. It specifies that interest on delinquent taxes is calculated after deducting any overpayments made by the taxpayer for the same or prior tax periods. Similarly, penalties are computed based on the remaining tax balance after offsetting overpayments. The bill also mandates that overpayments be offset against underpayments before determining interest and penalties, clarifying existing law without altering its fundamental application.
Author (1)
Ellen Troxclair
Contact the Author
Rep. Ellen Troxclair
Capitol Phone:
Capitol Office:
EXT E1.322
E-Mail:
