HB5012 — Relating to the maximum amount of penalties that may be imposed for delinquent taxes and tax reports and the application of taxpayer payments to taxes, penalties, and interest.

HB5012 — Relating to the maximum amount of penalties that may be imposed for delinquent taxes and tax reports and the application of taxpayer payments to taxes, penalties, and interest. · Informed CitizenryThe bill amends the Tax Code regarding penalties and how taxpayer payments are applied. First, it adds Section 111.0512, which mandates that the comptroller must apply a payment made by a taxpayer…Open in Informed Citizenry