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A BILL TO BE ENTITLED
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AN ACT
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relating to the payment in installments of ad valorem taxes on a |
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residence homestead. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. The heading to Section 31.031, Tax Code, is |
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amended to read as follows: |
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Sec. 31.031. INSTALLMENT PAYMENTS OF [CERTAIN HOMESTEAD] |
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TAXES ON RESIDENCE HOMESTEADS AND ON CERTAIN PROPERTY OF DISABLED |
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VETERANS. |
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SECTION 2. Sections 31.031(a), (a-1), and (a-2), Tax Code, |
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are amended to read as follows: |
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(a) This section applies only to[: |
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[(1)] an individual who is[: |
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[(A) disabled or at least 65 years of age; and |
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[(B)] qualified for an exemption under Section |
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11.13, [Section 11.13(c); or |
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[(2) an individual who is: |
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[(A) a disabled veteran or the unmarried |
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surviving spouse of a disabled veteran; and |
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[(B) qualified for an exemption under Section] |
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11.132, or 11.22. |
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(a-1) An individual to whom this section applies may pay a |
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taxing unit's taxes imposed on property that the person owns and |
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occupies as a residence homestead or for which the person receives |
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an exemption under Section 11.22 in 10 [four] equal installments |
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without penalty or interest if the first installment is paid before |
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the delinquency date and is accompanied by notice to the taxing unit |
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that the person will pay the remaining taxes in nine [three] equal |
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installments. Each of the remaining nine installments must be paid |
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before the first day of each month for each of the nine months |
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following the date on which the first installment is paid. [If the |
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delinquency date is February 1, the second installment must be paid |
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before April 1, the third installment must be paid before June 1, |
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and the fourth installment must be paid before August 1. If the |
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delinquency date is a date other than February 1, the second |
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installment must be paid before the first day of the second month |
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after the delinquency date, the third installment must be paid |
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before the first day of the fourth month after the delinquency date, |
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and the fourth installment must be paid before the first day of the |
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sixth month after the delinquency date.] |
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(a-2) Notwithstanding the deadline prescribed by Subsection |
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(a-1) for payment of the first installment, an individual to whom |
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this section applies may pay the taxes in 10 [four] equal |
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installments as provided by Subsection (a-1) if the first |
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installment is paid and the required notice is provided before the |
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first day of the first month after the delinquency date. |
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SECTION 3. This Act applies only to ad valorem taxes imposed |
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for a tax year beginning on or after the effective date of this Act. |
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SECTION 4. This Act takes effect January 1, 2024. |