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A BILL TO BE ENTITLED
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AN ACT
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relating to the calculation of penalty on a delinquent ad valorem |
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tax. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 33.01(a), Tax Code, is amended to read as |
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follows: |
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(a) A delinquent tax incurs a penalty of four [six] percent |
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of the amount of the tax for the first calendar month it is |
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delinquent plus one percent for each additional month or portion of |
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a month the tax remains unpaid prior to July 1 of the year in which |
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it becomes delinquent. However, a tax delinquent on July 1 incurs a |
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total penalty of 10 [twelve] percent of the amount of the delinquent |
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tax without regard to the number of months the tax has been |
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delinquent. A delinquent tax continues to incur the penalty |
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provided by this subsection as long as the tax remains unpaid, |
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regardless of whether a judgment for the delinquent tax has been |
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rendered. |
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SECTION 2. This Act applies only to ad valorem taxes imposed |
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for a tax year beginning on or after the effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2014. |