Texas Companies Get Break to Clear Up Tax Records

Fresh Start amnesty runs June 12 - Aug. 17

Thursday, Mar 15, 2012  |  Updated 7:53 PM CDT
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Texas Companies Get Break to Clear Up Tax Records

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Texas has scheduled a limited amnesty period to help businesses pay some tax bills without penalty.

Comptroller Susan Combs on Thursday announced the Fresh Start amnesty period will run June 12 through Aug. 17.

Businesses can use the time to set their records straight, without penalty and interest, on tax reports they failed to file. The amnesty covers taxes and fees originally due before April 1, 2012.

Amnesty does not apply to taxes that were reported but not paid or filing periods that businesses have in audit.

Fresh Start applies to sales tax, franchise tax and other state or local taxes or fees administered by the comptroller's office, except Public Utility Commission gross receipts assessments.

A similar 2007 tax amnesty generated about $100 million for the state.

More: FreshStart.Texas.gov

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