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A BILL TO BE ENTITLED
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AN ACT
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relating to the deadline for filing an application for certain ad |
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valorem tax exemptions or allocations and the calculation of the |
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penalty for filing a late application for such an exemption or |
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allocation. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 11.43, Tax Code, is amended by adding |
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Subsection (d-1) to read as follows: |
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(d-1) If the chief appraiser extends the deadline for a |
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property owner to file a rendition statement or property report to |
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May 15 under Section 22.23(b), the chief appraiser shall also |
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extend the deadline for the property owner to file an application |
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for an exemption under Section 11.251 to May 15. For good cause |
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shown, the chief appraiser may further extend the deadline for |
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filing an exemption application by written order for a single |
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period not to exceed 60 days from the deadline prescribed by |
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Subsection (d). |
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SECTION 2. Section 11.4391(b), Tax Code, is amended to read |
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as follows: |
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(b) If the application is approved, the property owner is |
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liable to each taxing unit allowing the exemption for a penalty in |
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an amount equal to the lesser of: |
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(1) 10 percent of the difference between the amount of |
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tax imposed by the taxing unit on the inventory or property, a |
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portion of which consists of freeport goods, and the amount that |
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would otherwise have been imposed; or |
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(2) 10 percent of the amount of tax imposed by the |
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taxing unit on the inventory or property, a portion of which |
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consists of freeport goods. |
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SECTION 3. Section 21.09, Tax Code, is amended by adding |
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Subsection (b-1) to read as follows: |
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(b-1) If the chief appraiser extends the deadline for a |
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property owner to file a rendition statement or property report to |
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May 15 under Section 22.23(b), the chief appraiser shall also |
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extend the deadline for the property owner to file an allocation |
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application form to May 15. For good cause shown, the chief |
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appraiser shall further extend the deadline for filing an |
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allocation application form by written order for a period not to |
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exceed 30 days from the deadline prescribed by Subsection (b). |
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SECTION 4. Section 21.10(b), Tax Code, is amended to read as |
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follows: |
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(b) If the application is approved, the property owner is |
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liable to each taxing unit for a penalty in an amount equal to the |
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lesser of: |
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(1) 10 percent of the difference between the amount of |
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tax imposed by the taxing unit on the property without the |
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allocation and the amount of tax imposed on the property with the |
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allocation; or |
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(2) 10 percent of the amount of tax imposed by the |
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taxing unit on the property with the allocation. |
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SECTION 5. Section 11.43(d-1), Tax Code, as added by this |
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Act, and Section 11.4391(b), Tax Code, as amended by this Act, apply |
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only to an application for an exemption for freeport goods under |
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Section 11.251, Tax Code, filed on or after the effective date of |
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this Act. |
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SECTION 6. Section 21.09(b-1), Tax Code, as added by this |
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Act, and Section 21.10(b), Tax Code, as amended by this Act, apply |
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only to an application for an allocation under Section 21.09, Tax |
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Code, filed on or after the effective date of this Act. |
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SECTION 7. This Act takes effect September 1, 2025. |
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* * * * * |