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AN ACT
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relating to the rendition of certain property for ad valorem tax |
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purposes. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 22.01, Tax Code, is amended by adding |
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Subsections (c-1), (c-2), and (d-1) to read as follows: |
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(c-1) In this section: |
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(1) "Secured party" has the meaning assigned by |
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Section 9.102, Business & Commerce Code. |
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(2) "Security interest" has the meaning assigned by |
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Section 1.201, Business & Commerce Code. |
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(c-2) With the consent of the property owner, a secured |
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party may render for taxation any property of the property owner in |
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which the secured party has a security interest on January 1, |
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although the secured party is not required to render the property by |
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Subsection (a) or (b). This subsection applies only to property |
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that has a historical cost when new of more than $50,000. |
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(d-1) A secured party who renders property under Subsection |
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(c-2) shall indicate the party's status as a secured party and shall |
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state the name and address of the property owner. A secured party |
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is not liable for inaccurate information included on the rendition |
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statement if the property owner supplied the information or for |
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failure to timely file the rendition statement if the property |
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owner failed to promptly cooperate with the secured party. A |
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secured party may rely on information provided by the property |
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owner with respect to: |
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(1) the accuracy of information in the rendition |
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statement; |
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(2) the appraisal district in which the rendition |
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statement must be filed; and |
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(3) compliance with any provisions of this chapter |
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that require the property owner to supply additional information. |
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SECTION 2. Subsection (e), Section 22.24, Tax Code, is |
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amended to read as follows: |
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(e) To be valid, a rendition or report must be sworn to |
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before an officer authorized by law to administer an oath. The |
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comptroller may not prescribe or approve a rendition or report form |
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unless the form provides for the person filing the form to swear |
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that the information provided in the rendition or report is true and |
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accurate to the best of the person's knowledge and belief. This |
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subsection does not apply to a rendition or report filed by a |
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secured party, as defined by Section 22.01, the property owner, an |
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employee of the property owner, or an employee of a property owner |
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on behalf of an affiliated entity of the property owner. |
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SECTION 3. This Act applies only to the rendition of |
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property for ad valorem tax purposes for a tax year that begins on |
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or after the effective date of this Act. |
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SECTION 4. This Act takes effect January 1, 2014. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I hereby certify that S.B. No. 1508 passed the Senate on |
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April 25, 2013, by the following vote: Yeas 29, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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I hereby certify that S.B. No. 1508 passed the House on |
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May 22, 2013, by the following vote: Yeas 148, Nays 0, two |
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present not voting. |
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______________________________ |
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Chief Clerk of the House |
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Approved: |
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______________________________ |
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Date |
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______________________________ |
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Governor |