Forfeiture of Discount or Reimbursement

Limited Sales, Excise, and Use Tax · Reports, Payments, and Methods of Reporting

If a taxpayer fails to file a report required by this chapter when due or to pay the tax when due, the taxpayer forfeits any claim to a deduction or discount allowed under Section 151.423 or Section 151.424 of this code.

Official text of the Texas Tax Code as published by the Texas Legislative Council.