1-1 By: Clemons (Senate Sponsor - Haley) H.B. No. 365 1-2 (In the Senate - Received from the House April 5, 1993; 1-3 April 5, 1993, read first time and referred to Committee on 1-4 Finance; May 13, 1993, reported favorably by the following vote: 1-5 Yeas 12, Nays 0; May 13, 1993, sent to printer.) 1-6 COMMITTEE VOTE 1-7 Yea Nay PNV Absent 1-8 Montford x 1-9 Turner x 1-10 Armbrister x 1-11 Barrientos x 1-12 Bivins x 1-13 Ellis x 1-14 Haley x 1-15 Moncrief x 1-16 Parker x 1-17 Ratliff x 1-18 Sims x 1-19 Truan x 1-20 Zaffirini x 1-21 A BILL TO BE ENTITLED 1-22 AN ACT 1-23 relating to the authority of the comptroller to freeze and levy on 1-24 certain safe deposit boxes. 1-25 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-26 SECTION 1. Section 111.021, Tax Code, is amended by adding 1-27 Subsection (j) to read as follows: 1-28 (j) For purposes of collecting delinquent taxes imposed 1-29 under Chapter 159, the term "asset" includes the contents of a safe 1-30 deposit box. The comptroller shall issue regulations specifying 1-31 procedures for accomplishing a levy upon the contents of a safe 1-32 deposit box, including rules relating to inventory of the box 1-33 contents, delivery of the contents, and reimbursement to the 1-34 financial institution or other safe deposit box facility for 1-35 drilling and other costs. 1-36 SECTION 2. This Act takes effect September 1, 1993. 1-37 SECTION 3. The importance of this legislation and the 1-38 crowded condition of the calendars in both houses create an 1-39 emergency and an imperative public necessity that the 1-40 constitutional rule requiring bills to be read on three several 1-41 days in each house be suspended, and this rule is hereby suspended. 1-42 * * * * * 1-43 Austin, 1-44 Texas 1-45 May 13, 1993 1-46 Hon. Bob Bullock 1-47 President of the Senate 1-48 Sir: 1-49 We, your Committee on Finance to which was referred H.B. No. 365, 1-50 have had the same under consideration, and I am instructed to 1-51 report it back to the Senate with the recommendation that it do 1-52 pass and be printed. 1-53 Montford, 1-54 Chairman 1-55 * * * * * 1-56 WITNESSES 1-57 FOR AGAINST ON 1-58 ___________________________________________________________________ 1-59 FOR AGAINST ON 1-60 ___________________________________________________________________ 1-61 Name: Laura McElroy x 1-62 Representing: Comptroller of Public Accts 1-63 City: Austin 1-64 -------------------------------------------------------------------