Tex. Occ. Code § 2024.054 · Subchapter B. COLLECTION AND DEPOSIT OF STATE'S SHARE OF PARI-MUTUEL POOL
PENALTIES FOR LATE PAYMENT OR REPORT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A racetrack association is liable for a penalty if the racetrack association does not pay the state's share of a pari-mutuel pool or file a report related to the payment of that share on or before the time the payment or report is due.
(b) The amount of the penalty under Subsection (a) is the greater of:
(1) five percent of the total amount due; or
(2) $1,000.
(c) An additional penalty in an amount equal to one percent of the unpaid amount of the state's share of the pari-mutuel pool shall be added for each business day that the required report or payment is late, up to a maximum penalty of 12 percent.
(d) A penalty under this section may be waived in a situation in which a penalty would be waived under Section 111.103, Tax Code.
Notes and commentary — not statutory text
History
Added by Acts 2017, 85th Leg., R.S., Ch. 963 (S.B. 1969), Sec. 1.01, eff. April 1, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/OC/htm/OC.2024.htm
- Text hash
- sha256 7979992e107e46effedc2eb8aa40d1fc03f508b1c6bfad5c4550d1c1d410bcef
- 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
This section cites
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