Honorable Morgan Meyer, Chair, House Committee on Ways & Means
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB3710 by Darby (Relating to the effect of a tax certificate accompanying a transfer of certain property.), As Introduced
No fiscal implication to the State is anticipated.
The bill would provide that a tax certificate that accompanies the transfer of property that erroneously indicates that no delinquent taxes, penalties, or interest are due because a residence homestead exemption was erroneously allowed and subsequently canceled, does not extinguish the tax lien if the chief appraiser or tax collector determine the transfer of property occurred between certain related individuals or entities.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.