Tax delinquent businesses that have incorporated in Texas may face trouble from auditors and collectors beginning next year. The Texas Comptroller's office announced today that it will cooperate with the Texas Alcoholic Beverage Commission to suspend mixed beverage and private club licences for businesses with outstanding sales, occupancy or franchise tax debt.
"Our office already works with TABC to suspend permits for businesses that fail to pay mixed beverage tax," said Texas Comptroller Susan Combs. "This new effort is aimed at establishments that may be current on their mixed beverage tax, but fall delinquent on the other taxes and fail to comply with collection efforts. We will use every available method to collect every dollar owed to the state."
The agencies will initiate suspension of permits only after all other methods of tax collection have failed, including written notice, and will order businesses to cease alcohol sales and distribution within three days of notification.
Currently, the state has registered approximately 13,200 business with mixed beverage permits, and last year collected $45.4 million in outstanding mixed beverage taxes, according to the Austin Business Journal.
Tags : incorporation news, taxes, tx
Posted: Oct 26th, 2010