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Senate Bill 1606 |
Senate Author: Zaffirini |
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Effective: Vetoed |
House Sponsor: Strama |
Senate Bill 1606 amends the Tax Code to clarify that a tax lien in solido that attaches to all inventory, furniture, equipment, and other personal property that the property owner owns on January 1 of the year the lien attaches or that the property owner subsequently acquires attaches to all such property irrespective of whether the personal property is located within the boundaries of the taxing unit in whose favor the lien attaches.
Reason Given For Veto: "Senate Bill 1606 would provide that a taxing authority has a annual lien that automatically attaches to all business personal property that the business owns in the state, including property outside the taxing authority's jurisdiction. Current law gives taxing units authority to deal with taxpayers who move property around the state in an attempt to avoid taxation, while also protecting taxpayers from overly aggressive taxing authorities.
"By providing taxing authorities with an automatic lien on property they do not have the authority to tax, this bill could lead to abusive taxing authorities overextending their reach, to the detriment of smaller taxing units and taxpayers."