By: Junell H.B. No. 469
73R224 MLM-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to installment payments of certain property taxes.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Section 31.031(a), Tax Code, is amended to read
1-5 as follows:
1-6 (a) If before the delinquency date an individual <who is at
1-7 least 65 years of age> pays at least one-fourth of a taxing unit's
1-8 taxes imposed on property that the person owns and occupies as a
1-9 residence homestead, the person may pay the remaining taxes without
1-10 penalty or interest in three equal installments. The first
1-11 installment must be paid before April 1, the second installment
1-12 before June 1, and the third installment before August 1.
1-13 SECTION 2. This Act takes effect September 1, 1993, and
1-14 applies only to taxes imposed in 1993 and subsequent years.
1-15 SECTION 3. The importance of this legislation and the
1-16 crowded condition of the calendars in both houses create an
1-17 emergency and an imperative public necessity that the
1-18 constitutional rule requiring bills to be read on three several
1-19 days in each house be suspended, and this rule is hereby suspended.