Texas House Bill HB3629

Texas 2021 - 87th Regular

Caption

Relating to the date a deferral or abatement of the collection of ad valorem taxes on the residence homestead of an elderly or disabled person or disabled veteran expires.

Impact

The bill specifically modifies Section 33.06 of the Tax Code, enhancing the current legal framework governing ad valorem tax collection. By establishing this extended timeline for suspending tax collection on their residences, individuals who are elderly, disabled, or veterans can maintain their homes without the immediate threat of foreclosure, thus impacting their financial stability positively. These adjustments seek to alleviate concerns for individuals transitioning in circumstances related to property ownership, enhancing their ability to navigate estate planning and ownership responsibilities.

Summary

House Bill 3629 pertains to adjustments in the collection timeline for ad valorem taxes on the residence homestead of elderly or disabled individuals, as well as disabled veterans. It aims to amend existing provisions regarding tax deferral and abatement for these specific groups. The primary change indicated in the legislation is that tax collection actions against properties owned by eligible individuals will be suspended until 181 days after the notice of delinquency is delivered, ensuring greater protection for vulnerable citizens during their transition in property ownership status.

Sentiment

Overall sentiment toward HB 3629 appears to be supportive, particularly among groups advocating for the rights and welfare of the elderly and disabled. Supporters argue that the bill represents a necessary step in safeguarding estates against potentially exploitative tax collection practices. There is recognition of the need for such protective measures within legislative discussions, aligning with broader goals of economic and social justice for disadvantaged communities.

Contention

Debate surrounding the bill has not been overtly contentious, largely focusing on the merits of extending protections for young or elderly residents. However, concerns could arise regarding the long-term implications for local tax revenues and the balance of state-mandated exemptions versus municipal tax strategies. Nonetheless, the bipartisan support evidenced in legislative votes reflects a consensus on the need to adjust the timeframe for tax collection for certain vulnerable groups, suggesting that this bill does not incite significant opposition.