34 TAC §3.594
The Comptroller of Public Accounts adopts new §3.594,
concerning margin: temporary credit, without changes to the proposed text
as published in the November 24, 2006, issue of the
Texas Register
(31 TexReg 9568).
In accordance with 79th Legislature, 2006, 3rd Called Session, House Bill
3, this new rule is adopted to extend the preservation date for the temporary
credit. Pursuant to the comptroller's authority under Tax Code, §111.051,
the due date for filing the required notice of intent is changed from March
1, 2007 to September 1, 2007.
No comments were received regarding adoption of the new section.
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, §171.111.
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 January 12, 2007.
TRD-200700107
Martin Cherry
General Counsel
Comptroller of Public Accounts
Effective date: February 1, 2007
Proposal publication date: November 24, 2006
For further information, please call: (512) 475-0387