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Business Taxes Law Guide—Revision 2024
Sales and Use Tax Annotations
A B C D E F G H I J L M N O P R S T U V W X
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).