By: Wentworth | S.B. No. 916 | |
(In the Senate - Filed February 24, 2011; March 8, 2011, | ||
read first time and referred to Committee on Intergovernmental | ||
Relations; April 11, 2011, reported adversely, with favorable | ||
Committee Substitute by the following vote: Yeas 5, Nays 0; | ||
April 11, 2011, sent to printer.) | ||
COMMITTEE SUBSTITUTE FOR S.B. No. 916 | By: Wentworth |
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relating to ad valorem tax lien transfers. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subsection (a-3), Section 32.06, Tax Code, is | ||
amended to read as follows: | ||
(a-3) If the property owner has executed an authorization | ||
under Subsection (a-2)(2)(B) consenting to a transfer of the tax | ||
liens for both the taxes on the property that are not delinquent and | ||
taxes on the property that are delinquent, the collector's | ||
certification under Subsection (b) may be [ |
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in one document [ |
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SECTION 2. Subsection (b), Section 33.445, Tax Code, is | ||
amended to read as follows: | ||
(b) In consideration of the payment by the transferee of | ||
those taxes and charges, each joined taxing unit shall transfer its | ||
tax lien to the transferee in the form and manner provided by | ||
Section 32.06(b) and enter its disclaimer in the suit. The transfer | ||
of a tax lien under this subsection does not require authorization | ||
by the property owner. | ||
SECTION 3. The changes in law made by this Act apply only to | ||
the transfer of an ad valorem tax lien that occurs on or after the | ||
effective date of this Act. A transfer of an ad valorem tax lien | ||
that occurs before the effective date of this Act is governed by the | ||
law in effect at the time the transfer occurred, and the former law | ||
is continued in effect for that purpose. | ||
SECTION 4. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2011. | ||
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