22 Tex. Admin. Code § 203.13 - Franchise Tax
(a) Any taxable
entity, as defined under Tax Code §
171.0002, contracting with
the Commission and/or any taxable entity that is an applicant for a license or
permit issued by the agency must certify in writing, on a form provided by the
agency, that its right to transact business in Texas is active, that it is
exempt from payment of the franchise tax or that it is an out-of-state entity
that is not subject to the franchise tax.
(b) The making of a false statement as to
franchise tax status on any license or permit application shall be grounds for
disciplinary action.
(c) The making
of a false statement as to franchise tax status with regards to a state
contract shall be grounds for cancellation of the contract at the option of the
agency by treating the statement as a material breach of contract.
Notes
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