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A BILL TO BE ENTITLED
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AN ACT
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relating to the payment of ad valorem taxes in installments. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 31.031(a), Tax Code, is amended to read |
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as follows: |
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(a) This section applies only to: |
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(1) an individual who is: |
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(A) disabled or at least 65 years of age; and |
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(B) qualified for an exemption under Section |
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11.13(c); [or] |
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(2) an individual who is: |
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(A) a disabled veteran or the unmarried surviving |
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spouse of a disabled veteran; and |
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(B) qualified for an exemption under Section |
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11.132 or 11.22; or |
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(3) an individual who is qualified for an exemption |
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under Section 11.13 and: |
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(A) is not delinquent in the payment of taxes |
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imposed on property that the individual owns and occupies as a |
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residence homestead; |
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(B) acquired the property that the individual |
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owns and occupies as a residence homestead by devise or descent |
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during the preceding five tax years; or |
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(C) in the calendar year preceding the current |
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tax year, had an aggregate adjusted gross income as defined by 26 |
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U.S.C. Section 62 of less than $300,000. |
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SECTION 2. The changes in law made by this Act apply only to |
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ad valorem taxes imposed for an ad valorem tax year that begins on |
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or after the effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2024. |