Tex. Tax Code § 171.251
FORFEITURE OF CORPORATE PRIVILEGES
Texas · Texas Tax Code · Status: effective
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- Citation
- Tex. Tax Code § 171.251, FORFEITURE OF CORPORATE PRIVILEGES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/575551
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Full text
The comptroller shall forfeit the corporate privileges of a corporation on which the franchise tax is imposed if the corporation:
(1) does not file, in accordance with this chapter and within 45 days after the date notice of forfeiture is mailed or provided by electronic means, a report required by this chapter;
(2) does not pay, within 45 days after the date notice of forfeiture is mailed or provided by electronic means, a tax imposed by this chapter or does not pay, within those 45 days, a penalty imposed by this chapter relating to that tax; or
(3) does not permit the comptroller to examine under Section 171.211 the corporation's records.