By Walker H.B. No. 1247 76R4759 JD-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the eligibility of heavy equipment dealers to receive a 1-3 property tax credit or refund for the overpayment of ad valorem 1-4 taxes. 1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-6 SECTION 1. Section 23.1242(i), Tax Code, is amended to read 1-7 as follows: 1-8 (i) If the amount in the escrow account is not sufficient to 1-9 pay the taxes in full, the collector shall apply the money to the 1-10 taxes and deliver to the owner a tax receipt for the partial 1-11 payment and a tax bill for the amount of the deficiency together 1-12 with a statement that the owner must remit to the collector the 1-13 balance of the total tax due. If the amount in the escrow account 1-14 exceeds the amount of the taxes due, the owner, at the owner's 1-15 election, is entitled to receive: 1-16 (1) a refund of the excess amount; or 1-17 (2) a credit in the amount of the excess amount to be 1-18 credited to the owner's escrow account for prepayment of taxes 1-19 imposed in the following tax year. 1-20 SECTION 2. This Act takes effect September 1, 1999, and 1-21 applies only to the payment of taxes imposed in 1999 or a 1-22 subsequent tax year. 1-23 SECTION 3. The importance of this legislation and the 1-24 crowded condition of the calendars in both houses create an 2-1 emergency and an imperative public necessity that the 2-2 constitutional rule requiring bills to be read on three several 2-3 days in each house be suspended, and this rule is hereby suspended.