(a) A foreign filing entity that transacts business in this state and is not registered under this chapter is liable to this state for a civil penalty in an amount equal to all:
- (1) fees and taxes that would have been imposed by law on the entity had the entity registered when first required and filed all reports required by law; and
- (2) penalties and interest imposed by law for failure to pay those fees and taxes.
- (b) The attorney general may bring suit to recover amounts due to this state under this section.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.