By: Jackson  S.B. No. 432
         (In the Senate - Filed January 28, 2011; February 2, 2011,
  read first time and referred to Committee on Finance;
  March 29, 2011, reported favorably by the following vote:  Yeas 15,
  Nays 0; March 29, 2011, sent to printer.)
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to the penalty for failure to make a timely installment
  payment of ad valorem taxes on property in a disaster area.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subsection (c), Section 31.032, Tax Code, is
  amended to read as follows:
         (c)  If the person fails to make a payment before the
  applicable date provided by Subsection (b), the unpaid amount is
  delinquent and incurs a penalty of six [12] percent and interest as
  provided by Section 33.01(c).
         SECTION 2.  Subsection (c), Section 31.032, Tax Code, as
  amended by this Act, applies only to the penalty for a failure to
  make a timely installment payment of taxes that occurs on or after
  the effective date of this Act. The penalty for a failure to make a
  timely installment payment of taxes that occurred before the
  effective date of this Act is governed by the law in effect when the
  failure occurred, and the former law is continued in effect for that
  purpose.
         SECTION 3.  This Act takes effect September 1, 2011.
 
  * * * * *