Texas Tax Code Clause Samples
The Texas Tax Code clause establishes the legal framework for taxation within the state of Texas, outlining the rules, procedures, and obligations related to state and local taxes. It governs how taxes such as property, sales, franchise, and other state-imposed levies are assessed, collected, and enforced. For example, it may specify deadlines for tax payments, exemptions for certain entities, or penalties for non-compliance. The core practical function of this clause is to ensure consistent and lawful administration of taxes, providing clarity and predictability for both taxpayers and government authorities.
Texas Tax Code. The Texas Tax Code as amended by Texas H.B. 3, 79th Leg., 3rd C.S. (2006). Reference to any provision of the Texas Tax Code Act shall mean the provision as in effect from time to time, as the same may be amended, and any successor provision thereto, as interpreted by any applicable administrative rules as in effect from time to time.
Texas Tax Code. The parties acknowledge that the 2006 session of the Texas Legislature revamped the Property Tax Code and the terms and conditions of this Lease shall be liberally construed in order to allow any taxes which previously and historically were charged on an ad valorem basis but converted to another system of taxation (even if it is a system of taxation otherwise excluded under Section 4.2 of the Lease) to be charged as Taxes under the Lease.