SRC-JXG S.B. 779 76(R)BILL ANALYSIS Senate Research CenterS.B. 779 By: Madla Intergovernmental Relations 7/12/1999 Enrolled DIGEST Currently, Texas law does not allow the county tax assessor collector to accept tax payments electronically. However, the State of Texas may require businesses making large tax payments to the state to be paid electronically. S.B. 779 will authorize the county tax assessor collector to require banks and mortgage companies making aggregate payments in excess of a certain amount to transfer funds electronically. PURPOSE As enrolled, S.B. 779 authorizes banks and mortgage companies making aggregate payments in excess of a certain amount to transfer funds electronically to the county tax assessor collector. 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 Section 31.06(a), Tax Code, to authorize a collector to accept a check or money order in payment of taxes, and to accept payment by credit card or electronic funds transfer. Authorizes a collector and a person to enter into an agreement under which the person pays taxes by electronic funds transfer. Sets forth the agreement requirements. SECTION 2. Amends Section 33.011, Tax Code, by adding Subsection (h), to require the governing body of a taxing unit to waive penalties and interest on a delinquent tax if certain conditions exist. SECTION 3. Emergency clause. Effective date: upon passage.