HB2577 - Relating to the contents of a notice provided to a taxable entity that fails to file a franchise tax report when due.

  89R3217 JBD-D     By: Harrison H.B. No. 2577       A BILL TO BE ENTITLED   AN ACT   relating to the contents of a notice provided to a taxable entity   that fails to file a franchise tax report when due.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subchapter E, Chapter 171, Tax Code, is amended   by adding Section 171.213 to read as follows:           Sec.   171.213.     NOTICE OF FAILURE TO TIMELY FILE REPORT. A   notice sent to a taxable entity may not state that the taxable   entity is required to pay a specific amount of franchise tax based   solely on the taxable entity's failure to file a report under this   subchapter when due.          SECTION 2.  This Act takes effect immediately if it receives   a vote of two-thirds of all the members elected to each house, as   provided by Section 39, Article III, Texas Constitution.  If this   Act does not receive the vote necessary for immediate effect, this   Act takes effect September 1, 2025.