CORRECTED STATEMENTS, REGISTRATIONS, AND REPORTS CONSIDERED TIMELY FILED

(a) A statement, registration, or report required that is filed with the commission is not considered to be late for purposes of any applicable civil penalty for late filing of the statement, registration, or report if: (1) any error or omission in the statement, registration, or report as originally filed was made in good faith; and (2) not later than the 14th business day after the date the person filing the statement, registration, or report learns that the statement, registration, or report as originally filed is inaccurate or incomplete, the person files: (A) a corrected or amended statement, registration, or report; and (B) an affidavit stating that the error or omission in the original statement, registration, or report was made in good faith. (b) Subsection (a) does not apply to: (1) a penalty imposed under Section 571.069 or Subchapter F; or (2) a report required to be filed under Section 254.064(c), 254.124(c), or 254.154(c), Election Code. (b-1) Repealed by Acts 2007, 80th Leg., R.S., Ch. 324, Sec. 2, eff. September 1, 2007. (b-2) Repealed by Acts 2007, 80th Leg., R.S., Ch. 324, Sec. 2, eff. September 1, 2007. (c) A report required to be filed under Section 254.064(c), 254.124(c), or 254.154(c), Election Code, is not considered to be late for purposes of any applicable civil penalty for late filing of the report if: (1) the report as originally filed substantially complies with the applicable law, as determined by the commission; (2) any error or omission in the report as originally filed was made in good faith; and (3) not later than the 14th business day after the date the person filing the report learns that the report as originally filed is inaccurate or incomplete, the person files: (A) a corrected or amended report; and (B) an affidavit stating that the error or omission in the original report was made in good faith.