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A BILL TO BE ENTITLED
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AN ACT
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relating to the penalty for failure to make a timely installment |
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payment of ad valorem taxes on property in a disaster area. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 31.032(c), Tax Code, is amended to read |
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as follows: |
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(c) If the person fails to make a payment before the |
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applicable date provided by Subsection (b), the unpaid amount is |
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delinquent and incurs a penalty of six [12] percent and interest as |
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provided by Section 33.01(c). |
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SECTION 2. Section 31.032(c), Tax Code, as amended by this |
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Act, applies only to the penalty for a failure to make a timely |
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installment payment of taxes that occurs on or after the effective |
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date of this Act. The penalty for a failure to make a timely |
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installment payment of taxes that occurred before the effective |
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date of this Act is governed by the law in effect when the failure |
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occurred, and the former law is continued in effect for that |
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purpose. |
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SECTION 3. This Act takes effect September 1, 2011. |