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A BILL TO BE ENTITLED
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AN ACT
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relating to the waiver of penalty and interest on a taxing unit's |
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delinquent payment of its allocation of the budget of an appraisal |
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district. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 6.06, Tax Code, is amended by adding |
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Subsection (k) to read as follows: |
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(k) For good cause shown, the board of directors may waive |
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the penalty and interest on a delinquent payment under Subsection |
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(e). |
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SECTION 2. (a) Section 6.06(k), Tax Code, as added by this |
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Act, applies to the waiver of penalty and interest on a payment that |
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becomes delinquent under Section 6.06(e), Tax Code, before, on, or |
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after the effective date of this Act. |
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(b) An appraisal district may refund a payment of penalty |
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and interest that was made by a taxing unit under Section 6.06(e), |
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Tax Code, before the effective date of this Act if the board of |
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directors of the appraisal district waives the penalty and interest |
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as provided by Section 6.06(k), Tax Code, as added by this Act. |
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SECTION 3. 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. |