TITLE 34.PUBLIC FINANCE

Part 1. COMPTROLLER OF PUBLIC ACCOUNTS

Chapter 3. TAX ADMINISTRATION

Subchapter A. GENERAL RULES

34 TAC §3.5

The Comptroller of Public Accounts adopts an amendment to §3.5, concerning waiver of penalty or interest, without changes to the proposed text as published in the March 12, 2004, issue of the Texas Register (29 TexReg 2602).

Subsection (b)(8) is added to state that if Revenue Accounting Division denies waiver request for penalty, the standard of review in a resulting contested proceeding will be based on the factors considered by Revenue Accounting Division in its denial. This change is necessary to eliminate the conflict that currently exists. The proposed amendment to subsection (c) makes conforming change consistent with new subsection (b)(8), and all other proposed amendments are made for clarity and reflect existing agency policies.

No comments were received regarding adoption of the amendment.

This amendment is adopted under Tax Code, §111.002, which provides the comptroller with the authority to prescribe, adopt, and enforce rules relating to the administration and enforcement of the provisions of Tax Code, Title 2.

The amendment implements Tax Code, §111.103.

This agency hereby certifies that the adoption has been reviewed by legal counsel and found to be a valid exercise of the agency's legal authority.

Filed with the Office of the Secretary of State on April 22, 2004.

TRD-200402689

Martin Cherry

Chief Deputy General Counsel

Comptroller of Public Accounts

Effective date: May 12, 2004

Proposal publication date: March 12, 2004

For further information, please call: (512) 475-0387