Tex. Prop. Code Ch. 72–75 · Texas Comptroller of Public Accounts

Texas July 1 Filing Cycle, March 1 Cutoff & Comptroller VDA Representation

Texas operates on an unusual March 2 – March 1 cutoff period with a July 1 filing deadline and aggressive cross-matching against Texas franchise tax registrations.

Deadline: July 1 Cutoff: March 1 (prior Mar 2 – Mar 1) No Statutory B2B Exemption Zero Report: Conditional

Texas Statutory Dormancy & Compliance Schedule

NAUPA Property Stream	Statutory Dormancy	Compliance Rule
Uncashed AP Vendor Checks (CK13)	3 yrs	Texas provides no B2B exemption; vendor checks, customer credit balances, and commercial overpayments are reportable after 3 years of owner inactivity.
Payroll, Wages & Commissions (MS01)	1 yr	Never B2B exempt; applies to employee final & bonus checks.
AR Credit Balances & Overpayments (MS09)	3 yrs	Write-offs to income do not extinguish reporting obligation.
Customer Refunds (MS05)	3 yrs	Due diligence window: By May 1 (60 days prior to July 1).
Gift Cards & Stored Value (GC / MS12)	3 yrs (unless exempt stored value)	Unaddressed cards route to corporate domicile under 2nd Priority.
Securities & Dividends (SC01 / SC08)	3 yrs	First-class mail (or electronic where consented) for items > $250
Virtual Currency / Digital Assets (VC)	3 yrs	Verify liquidation vs. native custodial transfer mandate.

Key Texas Compliance Traps & Enforcement Risks

Non-Standard March 1 Cutoff & May 1 Mailings Because the Texas reporting cutoff closes March 1 (for a July 1 filing), due-diligence notices must be mailed by May 1—frequently colliding with spring audit timelines.

1-Year Payroll & Utility Deposit Dormancy Texas enforces a 1-year dormancy period on wages (MS01) and utility deposits—catching fast-growing energy, logistics, and healthcare employers with uncashed final paychecks.

Texas Comptroller Voluntary Disclosure Agreement

Proactive multi-year disclosure prior to Comptroller audit notice waives 10% statutory interest and 5%–10% delinquent filing penalties.

Statutory Interest & Penalties: 10% per annum interest + 5%–10% late penalties. Negative Report Policy: Required for entities previously filing or notified by the Comptroller; standard holders with zero reportable property are not required to file unless requested.

Statutory Questions & Answers

Does Texas have a B2B exemption for vendor checks or credit memos?

No. Texas eliminated broad commercial exemptions and enforces reporting of aged B2B AP checks and AR credits after 3 years.

When is the Texas due-diligence mailing threshold triggered?

Holders must mail written due-diligence notices by May 1 for all reportable items valued over $250.