Enrolled Bill Summary

Senate Bill 1123 amends the Tax Code and various other provisions of state law to clarify and strengthen enforcement and collection relating to state and state-administered taxes. The bill increases the security amounts required of sellers and retailers with respect to sales and use taxes, and of permit holders with respect to mixed beverage taxes. It revises significantly the criminal penalty provisions and penalty amounts applicable to sales taxes and motor vehicle taxes. New provisions address tax liability in the case of business acquisitions involving fraud or sham transactions. Additional changes relate to recordkeeping, investigations and audits, delinquency notifications, tax liens, the dissolution or withdrawal from the state of certain businesses, the administration of motor fuel taxes, and other matters.