Relating to deferred payment of ad valorem taxes for certain persons serving in the United States armed forces.
Impact
The introduction of SB771 is anticipated to have a positive impact on state laws as it provides specific provisions to protect military personnel from penalties related to property taxes. It represents an effort by the state to support active-duty service members by recognizing the unique challenges they face when it comes to financial responsibilities during service. By allowing deferred payment for delinquent ad valorem taxes, the state sets a precedent for the treatment of tax liabilities for those in military service, potentially serving as a model for future legislation addressing the needs of this demographic.
Summary
SB771 aims to amend the existing Tax Code concerning the deferred payment of ad valorem taxes for individuals serving in the United States armed forces. The bill allows eligible persons, defined as those on active duty or reservists transferred out of Texas, to pay their delinquent property taxes without incurring penalties or interest for a specified deferral period. This deferment lasts until the earlier of their discharge from active duty, a return to the state for over ten days, or a return to reserve status. This legislative change is intended to ease the financial burden on military personnel who might face difficulties managing their tax obligations while serving away from home.
Contention
While there are no explicit noted points of contention in SB771 based on the provided documents, tax deferral legislation often garners some debate. Potential arguments against such measures might revolve around concerns regarding lost revenue for local governments and the implications of preferential tax treatments for specific groups. However, the intent behind SB771 appears to focus solely on alleviating potential hardships faced by military personnel, framing it in a context of support for those who serve.
Relating to the issuance of state parklands passports to and a waiver of certain state park fees for certain veterans, active duty armed forces members, and certain family members of a person who died while serving in the United States armed forces.
Relating to service requirements of certain current or former members of the Texas National Guard, the Texas Air National Guard, or a reserve component of the armed forces of the United States for tuition and fee exemptions at public institutions of higher education.
Relating to the issuance of state parklands passports to and a waiver of certain state park fees for veterans, active duty armed forces members, and certain family members of a person who died while serving in the United States armed forces.
Relating to the authority of the owner of a residence homestead to receive a discount for making an early payment of the ad valorem taxes on the homestead.
Relating to an exemption from ad valorem taxation of a portion of the appraised value of tangible personal property that is held or used for the production of income and a franchise tax credit for the payment of certain related ad valorem taxes.
Relating to the rate at which interest accrues in connection with the deferral or abatement of the collection of ad valorem taxes on certain residence homesteads.