Enrolled Bill Summary

Senate Bill 640 amends the Tax Code to require taxpayers who paid $100,000 or more in a category of state taxes during the preceding fiscal year to electronically submit their tax payments if the comptroller anticipates that the taxes paid will be at least that amount during the current fiscal year. The bill also requires electronic filing by those taxpayers of reports on sales and use taxes, oil and gas severance taxes, and international fuel agreements. The bill contains waiver and penalty provisions with respect to the electronic reporting.