Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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C

170.0000 COLLECTION OF TAX BY BOARD

Annotation 170.0002.050

(a) IN GENERAL

170.0002.050 Bankruptcy—Liability of Partnership and Individual Partners. When the Board issues a permit to a partnership, it establishes only one account for the partnership, although both the partnership and the individual partners may become liable for the taxes due from the partnership's business. If the Board is unable to collect a tax liability from the partnership, it may attempt to collect the liability from the individual partners. There are situations when the Board has issued a Notice of Determination to a partnership while the partnership was protected by the bankruptcy "automatic stay." In those cases, the partnership entity should be considered to have no further liability and the Board should consider only the individual partners to be subsequently liable for the determined liability on the account. 4/7/98; 5/13/98. (M99–2).