1-1 By: Ratliff S.B. No. 1295
1-2 (In the Senate - Filed March 18, 1993; March 22, 1993, read
1-3 first time and referred to Committee on Finance; May 3, 1993,
1-4 reported favorably by the following vote: Yeas 12, Nays 0;
1-5 May 3, 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 a refund of certain ad valorem taxes.
1-24 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-25 SECTION 1. Subsection (b), Section 42.43, Tax Code, is
1-26 amended to read as follows:
1-27 (b) For a refund made under this section because an
1-28 exemption under Section 11.20 that was denied by the chief
1-29 appraiser or appraisal review board is granted, the taxing unit
1-30 shall include with the refund interest on the amount refunded
1-31 calculated at an annual rate that is equal to the market rate of a
1-32 United States treasury bill on the delinquency date for the taxes,
1-33 but not more than <of> 10 percent, calculated from the delinquency
1-34 date for the taxes <amount refunded was paid by the property owner>
1-35 until the date the refund is made. For any other refund made under
1-36 this section, the taxing unit shall include with the refund
1-37 interest on the amount refunded at an annual rate that is equal to
1-38 the market rate of a United States treasury bill on the delinquency
1-39 date, but not more than <of> eight percent, calculated from the
1-40 delinquency date for the taxes until the date the refund is made.
1-41 SECTION 2. This Act takes effect September 1, 1993. The
1-42 changes in law made by this Act apply only to refunds paid on or
1-43 after that date.
1-44 SECTION 3. The importance of this legislation and the
1-45 crowded condition of the calendars in both houses create an
1-46 emergency and an imperative public necessity that the
1-47 constitutional rule requiring bills to be read on three several
1-48 days in each house be suspended, and this rule is hereby suspended.
1-49 * * * * *
1-50 Austin,
1-51 Texas
1-52 May 3, 1993
1-53 Hon. Bob Bullock
1-54 President of the Senate
1-55 Sir:
1-56 We, your Committee on Finance to which was referred S.B. No. 1295,
1-57 have had the same under consideration, and I am instructed to
1-58 report it back to the Senate with the recommendation that it do
1-59 pass and be printed.
1-60 Montford,
1-61 Chairman
1-62 * * * * *
1-63 WITNESSES
1-64 FOR AGAINST ON
1-65 ___________________________________________________________________
1-66 Name: George H. Moff x
1-67 Representing: Nueces County Appraisal Dist.
1-68 City: Corpus Christi
2-1 -------------------------------------------------------------------