Texas House Bill HB2865

Texas 2015 - 84th Regular

Caption

Relating to electronic filing of certain reports; providing a penalty.

Impact

The enactment of HB2865 will significantly alter aspects of the Texas Tax Code. By mandating electronic filing of specific reports, this legislation aims to modernize the state's tax reporting processes and reduce administrative burdens. Additionally, the bill establishes penalties for taxpayers who fail to comply with the new electronic filing mandate. A specified penalty of $50 will be imposed on entities that do not file reports electronically, further incentivizing compliance while allowing for potential waivers under certain conditions.

Summary

House Bill 2865 relates to the electronic filing of certain tax reports, mandating that taxpayers who are required to transfer payments electronically must also submit corresponding tax reports electronically. The bill updates the Texas Tax Code by imposing a new requirement that seeks to streamline tax reporting processes and enhance compliance efficiency. This legislation outlines the responsibilities of the Texas Comptroller in enforcing these electronic filing requirements, ensuring better oversight and management of tax filings across the state.

Sentiment

The sentiment surrounding HB2865 appeared largely positive among legislators advocating for efficiency in tax collection and reporting. Supporters argue that electronic filing will simplify processes for both the state and taxpayers, potentially leading to cost savings and improved tax compliance rates. However, there may be concerns among some taxpayers about the implications of this shift, particularly regarding the costs and challenges of transitioning to electronic systems.

Contention

While there is general support for the principles behind HB2865, concerns may arise regarding the penalties for non-compliance with the electronic filing requirements. Critics might argue that imposing a penalty without adequate support for taxpayers to meet these requirements could be seen as punitive. Further discussion is likely around the costs associated with implementing the new electronic filing systems for small businesses, which may challenge their capacity to adapt to this legislative change.