LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION April 6, 2017 TO: Honorable René Oliveira, Chair, House Committee on Business & Industry FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2832 by Oliveira (Relating to notice by a property owner to a mortgage servicer that the owner intends to enter into a contract with a property tax lender.), As Introduced No fiscal implication to the State is anticipated. The bill would amend Chapter 32 of the Tax Code, regarding property tax liens and personal liability, to require a property owner to send by certified mail to any applicable mortgage servicer a notice that the property owner intends to enter into a contract with a property tax transferee authorizing the transferee to pay the delinquent taxes on the property. A statement that the notice has been mailed by certified mail to any applicable mortgage servicer would be added to the list of required statements in the sworn document required to be executed and filed with the tax collector to authorize another person to pay the taxes imposed by a taxing unit on a property owner's real property.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 September 1, 2017. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, CL, SD, SJS
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
April 6, 2017
TO: Honorable René Oliveira, Chair, House Committee on Business & Industry FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2832 by Oliveira (Relating to notice by a property owner to a mortgage servicer that the owner intends to enter into a contract with a property tax lender.), As Introduced
TO: Honorable René Oliveira, Chair, House Committee on Business & Industry
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2832 by Oliveira (Relating to notice by a property owner to a mortgage servicer that the owner intends to enter into a contract with a property tax lender.), As Introduced
Honorable René Oliveira, Chair, House Committee on Business & Industry
Honorable René Oliveira, Chair, House Committee on Business & Industry
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB2832 by Oliveira (Relating to notice by a property owner to a mortgage servicer that the owner intends to enter into a contract with a property tax lender.), As Introduced
HB2832 by Oliveira (Relating to notice by a property owner to a mortgage servicer that the owner intends to enter into a contract with a property tax lender.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Chapter 32 of the Tax Code, regarding property tax liens and personal liability, to require a property owner to send by certified mail to any applicable mortgage servicer a notice that the property owner intends to enter into a contract with a property tax transferee authorizing the transferee to pay the delinquent taxes on the property. A statement that the notice has been mailed by certified mail to any applicable mortgage servicer would be added to the list of required statements in the sworn document required to be executed and filed with the tax collector to authorize another person to pay the taxes imposed by a taxing unit on a property owner's real property.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 September 1, 2017.
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, CL, SD, SJS
UP, CL, SD, SJS