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A BILL TO BE ENTITLED
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AN ACT
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relating to the duty of certain persons who conduct a closing to |
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provide information to the purchaser or other transferee of a |
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single-family residential structure regarding the exemption from |
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ad valorem taxation applicable to a residence homestead. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter C, Chapter 11, Tax Code, is amended by |
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adding Section 11.49 to read as follows: |
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Sec. 11.49. ASSISTANCE WITH RESIDENCE HOMESTEAD EXEMPTION |
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APPLICATION. (a) A settlement agent who conducts a closing on a |
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sale or other transfer of title to a single-family residential |
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structure or a single unit of other residential property shall |
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provide to the purchaser or other transferee as applicable: |
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(1) a copy of the form used by each appraisal district |
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in which the property is located for applying for residence |
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homestead exemptions under Section 11.13; and |
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(2) the following information: |
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(A) the type of residence homestead exemptions |
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available under Section 11.13 and instructions on how to file an |
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application for applicable exemptions with each appraisal district |
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in which the property is located; |
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(B) the location, including the mailing and |
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physical address, of each appraisal district in which the property |
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is located; and |
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(C) the deadline by which the appraisal district |
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must receive the application for the purchaser or other transferee |
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to qualify for any applicable residence homestead exemptions under |
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Section 11.13. |
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(b) A person who is required to provide a form and |
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information under this section is not liable to the purchaser or |
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other transferee of the property for: |
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(1) an error in the information provided; or |
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(2) the person's failure to provide the form or |
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information. |
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SECTION 2. Section 11.49, Tax Code, as added by this Act, |
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applies only to a sale or other transfer of title to real property |
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that occurs on or after the effective date of this Act. |
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SECTION 3. This Act takes effect September 1, 2007. |