BILL ANALYSIS H.B. 1882 By: Solomons (Haywood) Finance 5-18-95 Senate Committee Report (Unamended) BACKGROUND Current law allows individuals to enter into a written agreement with the collector for a taxing unit to pay delinquent taxes in installments. This payment period may not exceed 36 months. The taxpayer is responsible for the penalties and interest on the unpaid balance during the period of the agreement. Currently, persons 65 years of age and older can pay their taxes in installments without penalty or interest. The individual is required to pay at least 25 percent of the taxes due before the delinquency date, and the remaining taxes are due in installments on April 1, June 1, and August 1. PURPOSE As proposed, H.B. 1882 allows disabled individuals to pay ad valorem taxes on their residence homestead in installments under the same provisions as persons 65 and older. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 31.031(a), Tax Code, to authorize a person to pay the remaining taxes without penalty or interest in three equal installments if before the delinquency date an individual who is disabled or at least 65 years of age and is qualified for an exemption under Section 11.13(c) pays at least one-fourth of a taxing unit's taxes imposed on property that the person owns and occupies as a residence homestead, accompanied by notice to the taxing unit that the person will pay the remaining taxes in installments. SECTION 2. Emergency clause. Effective date: upon passage.