| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 83R23314 DDT-D | |
| 2 | 2 | By: N. Gonzalez of El Paso H.B. No. 2324 | |
| 3 | 3 | Substitute the following for H.B. No. 2324: | |
| 4 | 4 | By: Hilderbran C.S.H.B. No. 2324 | |
| 5 | 5 | ||
| 6 | 6 | ||
| 7 | 7 | A BILL TO BE ENTITLED | |
| 8 | 8 | AN ACT | |
| 9 | 9 | relating to the calculation of penalty on a delinquent ad valorem | |
| 10 | 10 | tax. | |
| 11 | 11 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 12 | 12 | SECTION 1. Section 33.01(a), Tax Code, is amended to read as | |
| 13 | 13 | follows: | |
| 14 | 14 | (a) A delinquent tax incurs a penalty of four [six] percent | |
| 15 | 15 | of the amount of the tax for the first calendar month it is | |
| 16 | 16 | delinquent plus one percent for each additional month or portion of | |
| 17 | 17 | a month the tax remains unpaid prior to July 1 of the year in which | |
| 18 | 18 | it becomes delinquent. However, a tax delinquent on July 1 incurs a | |
| 19 | 19 | total penalty of 10 [twelve] percent of the amount of the delinquent | |
| 20 | 20 | tax without regard to the number of months the tax has been | |
| 21 | 21 | delinquent. A delinquent tax continues to incur the penalty | |
| 22 | 22 | provided by this subsection as long as the tax remains unpaid, | |
| 23 | 23 | regardless of whether a judgment for the delinquent tax has been | |
| 24 | 24 | rendered. | |
| 25 | 25 | SECTION 2. This Act applies only to ad valorem taxes imposed | |
| 26 | 26 | for a tax year beginning on or after the effective date of this Act. | |
| 27 | 27 | SECTION 3. This Act takes effect January 1, 2014. |