Texas House Bill HB1782

Texas 2017 - 85th Regular

Caption

Relating to installment payments of ad valorem taxes.

Impact

The implementation of HB1782 is expected to have a significant impact on state tax laws by introducing more accessible payment options for those who might struggle with lump-sum tax payments. It targets two key demographics: senior citizens who are 65 years or older and disabled veterans, thus reflecting a legislative intent to support individuals requiring financial accommodation. This change is anticipated to ease the economic pressures associated with property tax obligations, potentially resulting in higher compliance rates and less risk of tax delinquency among the specified groups.

Summary

House Bill 1782 focuses on providing a modified structure for the installment payments of ad valorem taxes specifically aimed at individuals who are either elderly or disabled, including disabled veterans and their unmarried surviving spouses. This bill allows eligible individuals to pay their property taxes in four equal installments without incurring any penalties or interest, provided the first installment is submitted before the delinquency date and the taxing unit is notified of the intent to opt for installment payments. This extension of payment flexibility is particularly aimed at reducing financial burdens on vulnerable populations.

Contention

While opportunities for financial relief are a positive aspect of this bill, there may be concerns regarding its implications for local revenue generation. Critics could argue that the extended payment options, while benefitting individuals, might lead to reduced cash flow for local governments relying on timely property tax payments for their budgets. Therefore, discussions around HB1782 are likely to explore how local taxation authorities will manage their fiscal responsibilities while accommodating this new payment structure.