Texas House Bill HB2687

Texas 2013 - 83rd Regular

Caption

Relating to the authority of a taxing unit to prohibit certain transfers of ad valorem tax liens.

Impact

The implications of HB2687 could significantly affect how property taxes and liens are managed within taxing units. By giving taxing units the authority to prohibit the transfer of tax liens, the bill aims to provide a more regulated structure for managing unpaid property taxes. This change could prevent the uninhibited transfer of tax liens, thereby enhancing the control and accountability of taxing authorities over tax collection processes, and potentially securing deeper revenue streams for local governments.

Summary

House Bill 2687 seeks to amend the Tax Code of Texas regarding the authority of taxing units to control the transfer of ad valorem tax liens. This legislation allows the governing body of a taxing unit to prohibit the transfer of tax liens that exist in favor of that unit. A key component of the bill is that it mandates written notification to the tax assessor-collector of any decisions made concerning tax lien transfers. This process aims to ensure transparency and that all relevant parties are informed of lien transactions.

Contention

While the bill aims to foster a more secure tax collection environment, it may also raise questions about the rights of property owners and their ability to manage tax-related financial liabilities. Opponents might argue that restricting lien transfers could limit the options available to property owners for resolving delinquent taxes and could disproportionately affect those facing financial hardships. Therefore, discussions surrounding this bill may involve balancing the interests of taxing units with the rights and circumstances of property owners.