Sec. 211.258. PENALTY FOR FAILURE TO PAY TAX OR FOR LATE PAYMENT

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(a) A person who is liable for a tax imposed by this chapter and who fails to pay the tax when due forfeits five percent of the amount due as a penalty, and if the person fails to pay the tax within 30 days after the day on which the tax is due, the person forfeits an additional five percent.
(b) A penalty is not imposed by this section on a person who is liable for the tax if the person shows to the comptroller that the failure to pay the tax is due to a reasonable cause and not due to wilful neglect.
(c) The minimum penalty under this section is $1.

Amended by Acts 1981, 67th Leg., p. 2759, ch. 752, Sec. 6(a), eff. Jan. 1, 1982. Renumbered from Sec. 211.260 by Acts 1981, 67th Leg., 1st C.S., p. 189, ch. 17, art. 2, Sec. 1, eff. Jan. 1, 1982; Acts 1983, 68th Leg., p. 454, ch. 93, Sec. 10, eff. Sept. 1, 1983.

                    
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