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Senate Bill 796 |
Senate Author: Janek |
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Effective: 6-15-07 |
House Sponsor: Taylor |
Under current law, the governing body of a taxing unit that collects its own property taxes is authorized to adopt a split payment option under which a person who pays one-half of the unit's taxes before December 1 can pay the remaining one-half of the taxes without penalty or interest before July 1 of the following year. Senate Bill 796 amends the Tax Code to authorize a taxing unit located in a county with a population of 250,000 or more that borders a county with a population of 3.3 million or more and the Gulf of Mexico that has its property taxes collected by another collecting unit to opt out of this split payment option, even if the collecting unit adopts the option.