Texas § TX.151.503 - DETERMINATION IF NO REPORT FILED
Full text of Texas The Texas Constitution § TX.151.503 — DETERMINATION IF NO REPORT FILED, with citation guidance and answers to common questions.
§ TX.151.503. DETERMINATION IF NO REPORT FILED
DETERMINATION IF NO REPORT FILED. (a) If a person fails to file a report, the comptroller shall estimate the amount of receipts of the person subject to the sales tax, the amount of total sales prices of taxable items sold, leased, or rented by the person to another for storage, use, or consumption in this state, and the total sales prices of taxable items acquired by the person for storage, use, or consumption without the payment of the use tax to a retailer for each period or the total period for which the person failed to report as required by this chapter. (b) The estimate required by Subsection (a) of this section may be made on any information available to the comptroller. (c) On the basis of the estimate, the comptroller shall compute and determine the amount required to be paid to the state for each period. (d) The comptroller shall add to the determination an amount equal to 10 percent of the amount computed under Subsection (c) of this section as a penalty. (e) A determination under this section may be issued for one or more periods, and more than one determination may be issued for a single period. Acts 1981, 67th Leg., p. 1576, ch. 389, Sec. 1, eff. Jan. 1, 1982.
Frequently Asked Questions About Texas § TX.151.503
What does The Texas Constitution § TX.151.503 cover?
Section TX.151.503 ("DETERMINATION IF NO REPORT FILED") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § TX.151.503?
A common citation format is "The Texas Constitution § TX.151.503" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § TX.151.503 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.