CS H.B. 2622 75(R)BILL ANALYSIS WAYS & MEANS H.B. 2622 By: Heflin 4-28-97 Committee Report (Unamended) BACKGROUND Section 33.43, Tax Code, governs petitions for foreclosure of tax liens by a taxing unit. Although penalties, interest and delinquent taxes are recoverable, taxing units are not authorized to collect interest, taxes and penalties in the time period between the judgement in favor of the taxing unit and the time the property is sold. PURPOSE The bill allows a taxing unit to be paid post-judgement taxes, penalties, and interest upon selling the property. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency or institution. SECTION BY SECTION ANALYSIS SECTION 1.Amends Section 33.43(a), Tax Code (Petition), to require a taxing unit filing a delinquency petition to state that the taxing unit would be entitled to recover current and future year taxes and interest until the property is sold. Renumbers subsections accordingly. SECTION 2.Amends Section 33.52, Tax Code (Judgement for Current Taxes) by adding the words "AND POSTJUDGMENT TAXES, PENALTIES, AND INTEREST" to the title; allows post judgement taxes, penalties, and interest to be recovered by the taxing unit on foreclosure of a tax lien and sale of real property. SECTION 3.Makes the change in law made by this act applicable only on tax suits filed on or after the effective date of this Act. Current law continues for tax suits filed before that date. SECTION 4.Effective date of September 1, 1997. SECTION 5.Emergency clause.