81R11587 SMH-D
By: Homer H.B. No. 3000
A BILL TO BE ENTITLED
AN ACT
relating to the eligibility of a heavy equipment dealer to receive a
refund or credit for the overpayment of ad valorem taxes.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 23.1242(i), Tax Code, is amended to read
as follows:
(i) If the amount in the escrow account is not sufficient to
pay the taxes in full, the collector shall apply the money to the
taxes and deliver to the owner a tax receipt for the partial payment
and a tax bill for the amount of the deficiency together with a
statement that the owner must remit to the collector the balance of
the total tax due. If the amount in the escrow account exceeds the
amount of the taxes due, the owner, at the owner's election, is
entitled to receive:
(1) a refund of the excess amount; or
(2) a credit in the amount of the excess amount to be
credited to the owner's escrow account for prepayment of taxes
imposed in the following tax year.
SECTION 2. This Act applies only to the payment of taxes
imposed in 2009 or a subsequent tax year.
SECTION 3. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2009.