Honorable Morgan Meyer, Chair, House Committee on Ways & Means
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB4250 by Lalani (Relating to the right of the clerk of a court to deduct from the amount of the excess proceeds from an ad valorem tax sale of property the cost of postage for sending to the former owner of the property a notice of the owner's right to claim the proceeds.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 34 of the Tax Code, relating to Tax Sales and Redemption, to allow a clerk of a court to deduct from the amount of the excess proceeds from a property tax sale the cost of postage for sending to the former owner of the property a notice by certified mail of the owner's right to claim the proceeds.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.