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By: Janek |
S.B. No. 796 |
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(In the Senate - Filed February 21, 2007; March 6, 2007, |
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read first time and referred to Committee on Finance; |
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April 4, 2007, reported adversely, with favorable Committee |
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Substitute by the following vote: Yeas 13, Nays 0; April 4, 2007, |
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sent to printer.) |
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COMMITTEE SUBSTITUTE FOR S.B. No. 796 |
By: Janek |
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A BILL TO BE ENTITLED
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AN ACT
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relating to the authority of a taxing unit to allow split payment of |
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taxes. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 31.03, Tax Code, is amended by amending |
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Subsections (a) and (b) and adding Subsections (d), (e), and (f) to |
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read as follows: |
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(a) The governing body of a taxing unit that collects its |
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own taxes may provide, in the manner required by law for official |
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action by the body, that a person who pays one-half of the unit's |
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taxes, other than taxes on the person's residential homestead, |
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before December 1 may pay the remaining one-half of the taxes |
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without penalty or interest before July 1 of the following year. |
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(b) The split-payment option described by Subsection (a), |
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if adopted, applies to taxes, other than taxes on residential |
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homesteads, for all units for which the adopting taxing unit |
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collects taxes. |
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(d) The governing body of a taxing unit that collects its |
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own taxes may provide, in the manner provided by law for official |
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action by the body, that a person who pays one-half of the unit's |
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taxes on the person's residential homestead before December 1 may |
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pay the remaining one-half of the taxes without penalty or interest |
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before July 1 of the following year. |
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(e) The split-payment option for residential homesteads |
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under Subsection (d) applies to taxes for all residential |
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homesteads for which the adopting taxing unit collects taxes. |
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(f) In this section, "residential homestead" has the |
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meaning assigned by Section 11.13(j). |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2007. |
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* * * * * |