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.