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