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A BILL TO BE ENTITLED
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AN ACT
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relating to the eligibility of a heavy equipment dealer to receive a |
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refund or credit for the overpayment of ad valorem taxes. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 23.1242(i), Tax Code, is amended to read |
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as follows: |
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(i) If the amount in the escrow account is not sufficient to |
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pay the taxes in full, the collector shall apply the money to the |
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taxes and deliver to the owner a tax receipt for the partial payment |
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and a tax bill for the amount of the deficiency together with a |
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statement that the owner must remit to the collector the balance of |
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the total tax due. If the amount in the escrow account exceeds the |
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amount of the taxes due, the owner, at the owner's election, is |
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entitled to receive: |
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(1) a refund of the excess amount; or |
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(2) a credit in the amount of the excess amount to be |
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credited to the owner's escrow account for prepayment of taxes |
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imposed in the following tax year. |
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SECTION 2. This Act applies only to the payment of taxes |
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imposed in 2009 or a subsequent tax year. |
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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, 2009. |