| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 84R2523 CJC-F | |
| 2 | 2 | By: Zaffirini S.B. No. 50 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to ad valorem tax liens on personal property. | |
| 8 | 8 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 9 | 9 | SECTION 1. Section 32.01(b), Tax Code, is amended to read as | |
| 10 | 10 | follows: | |
| 11 | 11 | (b) A tax lien on inventory, furniture, equipment, or other | |
| 12 | 12 | personal property is a lien in solido and attaches to all inventory, | |
| 13 | 13 | furniture, equipment, and other personal property that the property | |
| 14 | 14 | owner owns on January 1 of the year the lien attaches or that the | |
| 15 | 15 | property owner subsequently acquires, irrespective of whether the | |
| 16 | 16 | personal property is located within the boundaries of the taxing | |
| 17 | 17 | unit in whose favor the lien attaches. | |
| 18 | 18 | SECTION 2. This Act takes effect immediately if it receives | |
| 19 | 19 | a vote of two-thirds of all the members elected to each house, as | |
| 20 | 20 | provided by Section 39, Article III, Texas Constitution. If this | |
| 21 | 21 | Act does not receive the vote necessary for immediate effect, this | |
| 22 | 22 | Act takes effect September 1, 2015. |