Texas 2013 - 83rd Regular

Texas Senate Bill SB476

Filed
 
Out of Senate Committee
 
Voted on by House
 
Governor Action
 
Bill Becomes Law
 

Caption

Relating to installment agreements for the payment of delinquent ad valorem taxes.

Impact

The bill introduces significant changes to the Texas Tax Code, particularly in how delinquent property taxes are managed. By mandating installment agreements for residence homesteads, SB476 not only offers financial relief to taxpayers who may be struggling to keep up with their property tax obligations but also encourages timely payment, potentially reducing the number of properties facing foreclosure due to tax delinquencies. Additionally, it prevents penalties from accruing on unpaid balances during the term of the installment agreement, further easing the financial strain on homeowners.

Summary

SB476 addresses the issue of delinquent ad valorem taxes by modifying the provisions under which installment agreements for payments may be established. The new amendments stipulate that collectors for taxing units must agree to installment payments upon request from individuals with delinquent taxes on their residence homestead, provided these individuals have not entered into a similar agreement in the preceding 24 months. The bill specifies conditions for the agreements, such as equal monthly payments over a period ranging from 12 to 36 months, aiming to assist homeowners in managing their tax burdens more effectively.

Contention

While the primary intention behind SB476 is to support homeowners and promote fair tax payment methods, there may be concerns regarding the potential fiscal implications for local taxing units. Some members of the legislature might argue that mandating installment agreements could limit the revenue flowing to local governments from property taxes, impacting their ability to fund essential services. Advocates for the bill, however, assert that it provides a necessary safety net for homeowners, fostering both financial security for families and long-term stability in local communities.

Companion Bills

TX HB1597

Identical Relating to installment payments of ad valorem taxes.

Previously Filed As

TX HB4890

Relating to installment payments of ad valorem taxes.

TX HB1127

Relating to the payment in installments of ad valorem taxes on a residence homestead.

TX SB522

Relating to the authority of an owner of certain residential real property to pay the ad valorem taxes imposed on the property in installments.

TX HB4646

Relating to the payment of ad valorem taxes in installments.

TX HB4113

Relating to installment payments of ad valorem taxes imposed on residence homesteads.

TX HB4686

Relating to penalty and interest incurred on a delinquent ad valorem tax imposed on the residence homestead of an individual who is elderly or disabled.

TX HB4829

Relating to the collection of delinquent ad valorem taxes.

TX HB49

Relating to the collection of delinquent ad valorem taxes.

TX HB4828

Relating to the collection of delinquent ad valorem taxes.

TX HB48

Relating to the collection of delinquent ad valorem taxes.

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