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A BILL TO BE ENTITLED
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AN ACT
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relating to the payment in installments of ad valorem taxes on |
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property damaged in a disaster. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Sections 31.032(b) and (b-1), Tax Code, are |
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amended to read as follows: |
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(b) A person may pay a taxing unit's taxes imposed on |
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property that the person owns in eight [four] equal installments |
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without penalty or interest if the first installment is paid before |
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the delinquency date and is accompanied by notice to the taxing unit |
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that the person will pay the remaining taxes in seven [three] equal |
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installments. If the delinquency date is February 1, the second |
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installment must be paid before May [April] 1, the third |
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installment must be paid before August [June] 1, [and] the fourth |
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installment must be paid before November [August] 1, the fifth |
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installment must be paid before February 1 of the following year, |
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the sixth installment must be paid before May 1 of that year, the |
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seventh installment must be paid before August 1 of that year, and |
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the eighth installment must be paid before November 1 of that year. |
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If the delinquency date is a date other than February 1, the second |
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installment must be paid before the first day of the third [second] |
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month after the delinquency date, the third installment must be |
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paid before the first day of the sixth [fourth] month after the |
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delinquency date, [and] the fourth installment must be paid before |
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the first day of the ninth [sixth] month after the delinquency date, |
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the fifth installment must be paid before the first day of the 12th |
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month after the delinquency date, the sixth installment must be |
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paid before the first day of the 15th month after the delinquency |
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date, the seventh installment must be paid before the first day of |
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the 18th month after the delinquency date, and the eighth |
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installment must be paid before the first day of the 21st month |
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after the delinquency date. |
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(b-1) Notwithstanding the deadline prescribed by Subsection |
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(b) for payment of the first installment, a person to whom this |
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section applies may pay the taxes in eight [four] equal |
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installments as provided by Subsection (b) if the first installment |
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is paid and the required notice is provided before the first day of |
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the first month after the delinquency date. |
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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, 2020. |