LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION May 9, 2017 TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce 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 Engrossed 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
May 9, 2017
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce 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 Engrossed
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
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 Engrossed
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
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 Engrossed
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 Engrossed
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