Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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C

170.0000 COLLECTION OF TAX BY BOARD

Annotation 170.0293

(a) IN GENERAL

170.0293 Bankruptcy Automatic Stay—Lien Extensions. According to the United States Bankruptcy Code 11 U.S.C. § 362 (b)(3), an act to maintain or continue the perfection of an interest in property is not a violation of the automatic stay. Therefore, if a sales or use tax lien is filed prior to the date the tax debtor petitions for bankruptcy under a chapter of the United States Bankruptcy Code and the lien is subsequently extended during the course of the bankruptcy proceedings, the lien extension is not a violation of the automatic stay and is not required to be released as such. 5/17/02. (2003–2).