SRC-SLL S.B. 1684 75(R) BILL ANALYSIS Senate Research Center S.B. 1684 By: Lindsay Jurisprudence 4-1-97 As Filed DIGEST Currently, Section 33.51, Tax Code, provides that a purchaser at a foreclosure of a tax lien is not entitled to possession of the property until after a period of redemption expires. This language conflicts with other provisions of the Tax Code which state that the purchaser at a tax lien foreclosure is entitled to immediate possession and use of the property. This bill will delete the reference to a redemption period in Section 33.51 of the Tax Code. PURPOSE As proposed, S.B. 1684 deletes the reference to a redemption period following the foreclosure of a tax lien and the sale of real property. RULEMAKING AUTHORITY This bill does not grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Chapter 33, Tax Code, to delete a provision providing a 20-day redemption period following a foreclosure of a tax lien and the sale of real property. SECTION 2. Effective date: September 1, 1997. SECTION 3. Emergency clause.