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.