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COUNCIL CHAMBER161250 August 10, 2016, WHEREAS, Chapter 372 of the Texas Local Government Code (the Act) allows for the creation of public improvement districts; and WHEREAS, on June 13, 2012, City
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What is whereas chapter 372 of?
Chapter 372 pertains to tax regulations for small businesses.
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Small businesses with annual revenue exceeding $100,000 are required to file chapter 372.
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Chapter 372 can be filled out online through the government's tax portal.
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The purpose of chapter 372 is to ensure small businesses are compliant with tax regulations and report accurate financial information.
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Information such as annual revenue, expenses, profits, and losses must be reported on chapter 372.
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