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A BILL TO BE ENTITLED
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AN ACT
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relating to installment payments of ad valorem taxes imposed on |
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residence homesteads. |
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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 RESIDENCE [CERTAIN] |
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HOMESTEAD TAXES. |
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SECTION 2. Sections 31.031(a-1) and (a-2), Tax Code, are |
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amended to read as follows: |
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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 in 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 three equal |
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installments. If the delinquency date is February 1, the second |
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installment must be paid before April 1, the third installment must |
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be paid before June 1, and the fourth installment must be paid |
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before August 1. If the delinquency date is a date other than |
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February 1, the second installment must be paid before the first day |
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of the second month after the delinquency date, the third |
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installment must be paid before the first day of the fourth month |
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after the delinquency date, and the fourth installment must be paid |
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before the first day of the 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 four equal installments |
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as provided by Subsection (a-1) if the first installment is paid and |
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the required notice is provided before the first day of the first |
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month after the delinquency date. |
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SECTION 3. Section 31.031(a), Tax Code, is repealed. |
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SECTION 4. 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 5. This Act takes effect January 1, 2024. |