TO: | Honorable Fred Hill, Chair, House Committee on Local Government Ways and Means |
FROM: | John Keel, Director, Legislative Budget Board |
IN RE: | HB3433 by Rodriguez (Relating to requiring a person responsible for closing a real estate transaction to assist a purchaser or owner in applying for a residence homestead exemption for ad valorem tax purposes.), Committee Report 1st House, Substituted |
The bill would require a person who, for compensation, prepares closing documents for real estate transfers to provide the purchaser of residential property with a copy of a residential homestead exemption form. The bill would permit a person who assists another person by preparing or filing on behalf of the other person to charge a fee not to exceed $25 for their assistance in preparing and filing exemption applications, and they would be prohibited from accepting as compensation any part of a property tax refund on the subject property.
Source Agencies: | 304 Comptroller of Public Accounts, 329 Real Estate Commission
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LBB Staff: | JK, SD, WP, DLBe
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