78R4918 RCJ-F

By:  Haggerty                                                     H.B. No. 891



A BILL TO BE ENTITLED

AN ACT

relating to the waiver by a property owner of interest on a tax 
refund following an ad valorem tax appeal.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 42.43, Tax Code, is amended by adding 
Subsection (e) to read as follows:
	(e)  A property owner may not waive the right to interest 
under this section.
	SECTION 2.  (a)  This Act takes effect immediately if it 
receives a vote of two-thirds of all the members elected to each 
house, as provided by Section 39, Article III, Texas Constitution.  
If this Act does not receive the vote necessary for immediate 
effect, this Act takes effect September 1, 2003.
	(b)  The change in law made by this Act does not affect the 
validity of a waiver of the right to interest on a refund under 
Section 42.43, Tax Code, if the waiver occurs before the effective 
date of this Act.