Tex. Fin. Code § 15.412 · Subchapter E. POWERS AND DUTIES OF COMMISSION AND COMMISSIONER
FILING GROUP RETURN WITH THE INTERNAL REVENUE SERVICE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner may file a consolidated group return form with the Internal Revenue Service on behalf of all credit unions under the department's jurisdiction. To be included, each credit union must annually authorize the department in writing to include the credit union in the group return and must declare that the authorization and the financial information submitted for the purpose of compiling the group return are true and complete.
(b) The state is not liable for information contained in any form submitted. Each credit union is individually responsible for the accuracy, completeness, and timeliness of the information and for any potential tax liability or penalties that may accrue.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 157, Sec. 4, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.15.htm
- Text hash
- sha256 f6d850a9a156483a3c0404fd91e56a13815add3e7748f2c7fcaa4f9dfaec27bf
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.