1-1 By: Grusendorf (Senate Sponsor - Jackson) H.B. No. 2833
1-2 (In the Senate - Received from the House May 7, 2001;
1-3 May 7, 2001, read first time and referred to Committee on Finance;
1-4 May 11, 2001, reported favorably by the following vote: Yeas 11,
1-5 Nays 0; May 11, 2001, sent to printer.)
1-6 A BILL TO BE ENTITLED
1-7 AN ACT
1-8 relating to the application of the sales tax to services provided
1-9 in connection with certain foreclosure sales.
1-10 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-11 SECTION 1. Section 151.0036(b), Tax Code, is amended to read
1-12 as follows:
1-13 (b) "Debt collection service" does not include:
1-14 (1) the collection of:
1-15 (A) [(1)] a judgment by an attorney or by a
1-16 partnership or professional corporation of attorneys if the
1-17 attorney, partnership, or corporation represented the person in the
1-18 suit from which the judgment arose; or
1-19 (B) [(2)] court-ordered child support or medical
1-20 child support; or
1-21 (2) a service provided by a person acting as a trustee
1-22 in connection with the foreclosure sale of real property under a
1-23 lien created by a mortgage, deed of trust, or security instrument.
1-24 SECTION 2. (a) This Act takes effect July 1, 2001, if it
1-25 receives a vote of two-thirds of all members elected to each house,
1-26 as provided by Section 39, Article III, Texas Constitution. If
1-27 this Act does not receive the vote necessary for effect on that
1-28 date, this Act takes effect October 1, 2001.
1-29 (b) The change in law made by this Act does not affect taxes
1-30 imposed before the effective date of this Act, and the law in
1-31 effect before the effective date of this Act is continued in effect
1-32 for the purposes of the liability for and collection of those
1-33 taxes.
1-34 * * * * *