SRC-TJG S.B. 832 78(R)   BILL ANALYSIS


Senate Research Center   S.B. 832
78R2777 JD-FBy: Staples
Finance
4/3/2003
As Filed


DIGEST AND PURPOSE 

Currently, the owner of a homestead or agriculture land has two years to
reclaim land seized and sold because of tax foreclosure.  An owner of a
mineral interest only has six months to complete the same action.  As
proposed, S.B. 832 allows the owner of a mineral interest two years to
reclaim any interests taken by a county. 

RULEMAKING AUTHORITY

This bill does not expressly grant any additional rulemaking authority to
a state officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Sections 34.21(a), (b), (c), and (e), Tax Code, as
follows: 

(a) Adds the owner of a mineral interest sold at a tax sale to a purchaser
other than a taxing unit to the list of certain land owners authorized to
redeem land seized and sold within two years of the seizure, if certain
actions are taken. 

(b), (c), and (e) Make conforming changes.

SECTION 2.  (a) Effective date: January 1, 2004, if the accompanying
constitutional amendment is approved by voters. 

(b) Makes application of this Act prospective.