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House Bill 2071 |
House Author: Oliveira |
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Effective: 9-1-09 |
Senate Sponsor: Patrick, Dan |
House Bill 2071 amends provisions of the Tax Code relating to property taxation to require a dealer of motor vehicles, dealer of heavy equipment, dealer of vessels and outboard motors, or retailer of manufactured housing to complete each month an inventory tax statement, regardless of whether the dealer or retailer made any sales in the preceding month. It requires the dealer or retailer, on or before the 10th day of the month following a month in which no sales occurred, to file the statement with the appropriate tax assessor-collector, indicating the lack of any sales. The bill makes the failure to timely file a required inventory tax statement, or to timely file a required inventory declaration, subject to penalties. Prior law limited penalties to situations in which no filing occurred at all.