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A BILL TO BE ENTITLED
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AN ACT
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relating to the authority of the governing body of a taxing unit to |
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rescind a discount for early payment 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 31.05, Tax Code, is amended by adding |
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Subsection (d) to read as follows: |
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(d) The governing body of a taxing unit may rescind a |
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discount adopted by the governing body in the manner required by law |
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for official action by the body. The rescission of a discount takes |
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effect beginning in the year in which the discount is rescinded, |
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except that the rescission takes effect beginning in the following |
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year if the discount is rescinded after September 1. |
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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, 2011. |