Texas Comptroller Installment Agreement

Updates Reported – The Texas Comptroller, published in tax policy news October 27, 2020, addresses a number of concerns regarding the effects of COVID-19. In this publication, the Comptroller`s Office explains that it understands the enormous burden on the pandemic and the resulting closures for Texas businesses. The comptroller also states that the payment period for vehicle tax on purchases will be extended until the governor`s declaration of disaster is expired. Any tax penalty is automatically cancelled after this publication if the payment of tax is received within 60 days of the expiration of the state declaration in the event of a disaster. For companies that are having difficulty paying all sales taxes they contract with customers, the publication indicates that a short-term payment contract may be available through the compereur`s office. For more information, click here. Discharge on a case-by-case basis for existing payment arrangement agreements. Texas Comptroller will provide tax relief to COVID-19 in the form of deferrals for the transfer of payments related to existing payment agreements on a case-by-case basis. Any deferral relief (a) applies only to existing payment agreements for periods prior to the February 2020 tax return; (b) does not extend or defer the due dates of a tax transfer or tax collection return on behalf of public and local authorities; (c) does not apply to settlement agreements setting a deadline for the payment of a one-time lump sum payment of the full liability. and (d) not to provide the total amount owed under the payment deadline agreement. At the end of the deferral period, all payment deadlines are resumed in accordance with the payment agreement and all deferred payments are added at the end of the payment contract term.

Tax Code Section 31.031 allows some individuals to pay home tax in four equal installments, free of charge and interest. These people are people with disabilities or are 65 years of age or older; Disabled veterans or their surviving unmarried spouses who are entitled to an exemption under Section 11.22 of the Tax Code; or partially disabled veterans with homes donated by non-profit organizations and their surviving unmarried spouses.