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A BILL TO BE ENTITLED
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AN ACT
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relating to the penalties and interest that may be incurred on |
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delinquent ad valorem taxes imposed on a residence homestead. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 33.01, Tax Code, is amended by adding |
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Subsections (g) and (h) to read as follows: |
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(g) Notwithstanding Subsections (a) and (c), a delinquent |
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tax on property that qualifies for an exemption under Section 11.13 |
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that remains unpaid prior to July 1 of the year in which it becomes |
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delinquent incurs a total amount of penalty and interest equal to |
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seven percent of the amount of the tax. |
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(h) Notwithstanding Subsections (a), (b), and (c), a tax on |
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property that qualifies for an exemption under Section 11.13 that |
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is delinquent on July 1 incurs a total amount of penalty and |
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interest equal to 12 percent of the amount of the tax, regardless of |
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the number of months the tax has been delinquent. |
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SECTION 2. The changes in law made by this Act apply only to |
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the penalty and interest incurred on a tax that becomes delinquent |
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on or after the effective date of this Act. The penalty and |
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interest incurred on a tax that became delinquent before the |
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effective date of this Act are governed by the law in effect on the |
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date the tax became delinquent, and the former law is continued in |
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effect for that purpose. |
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SECTION 3. This Act takes effect September 1, 2025. |