LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 20, 2015 TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2431 by Faircloth (Relating to certain notices provided by the assessor or collector for, or an agent of, a taxing unit.), As Introduced No fiscal implication to the State is anticipated. The bill would amend Chapter 33 of the Tax Code, regarding property tax delinquency, to require that a notice of delinquency must contain the following statement in capital letters: "The taxes on this property are delinquent. The property is subject to a lien for the delinquent taxes. If the delinquent taxes are not paid, the lien may be foreclosed on." The notice of delinquency would also be required to state in capital letters: "If you are 65 year of age or older or are disabled, and you occupy the property described in this document as your residence homestead, you should contact the appraisal district regarding any entitlement you may have to a postponement in the payment of these taxes." Two versions of the notice of delinquency would be repealed.The bill would not affect taxable property values, tax rates, collection rates, or any other variable which might affect the revenues of units of local governments or the state.The bill would take effect on September 1, 2015. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, KK, SD, SJS
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
April 20, 2015
TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2431 by Faircloth (Relating to certain notices provided by the assessor or collector for, or an agent of, a taxing unit.), As Introduced
TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2431 by Faircloth (Relating to certain notices provided by the assessor or collector for, or an agent of, a taxing unit.), As Introduced
Honorable Dennis Bonnen, Chair, House Committee on Ways & Means
Honorable Dennis Bonnen, Chair, House Committee on Ways & Means
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB2431 by Faircloth (Relating to certain notices provided by the assessor or collector for, or an agent of, a taxing unit.), As Introduced
HB2431 by Faircloth (Relating to certain notices provided by the assessor or collector for, or an agent of, a taxing unit.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Chapter 33 of the Tax Code, regarding property tax delinquency, to require that a notice of delinquency must contain the following statement in capital letters: "The taxes on this property are delinquent. The property is subject to a lien for the delinquent taxes. If the delinquent taxes are not paid, the lien may be foreclosed on." The notice of delinquency would also be required to state in capital letters: "If you are 65 year of age or older or are disabled, and you occupy the property described in this document as your residence homestead, you should contact the appraisal district regarding any entitlement you may have to a postponement in the payment of these taxes." Two versions of the notice of delinquency would be repealed.The bill would not affect taxable property values, tax rates, collection rates, or any other variable which might affect the revenues of units of local governments or the state.The bill would take effect on September 1, 2015.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: UP, KK, SD, SJS
UP, KK, SD, SJS