Texas Senate Bill SB2323

Texas 2019 - 86th Regular

Caption

Relating to the payment in installments of ad valorem taxes by members or veterans of the United States armed forces.

Impact

The impact of SB2323 on state laws is significant as it modifies existing tax regulations to include specific considerations for veterans and active duty service members. By allowing installment payments for ad valorem taxes, the bill not only seeks to alleviate financial pressures for those who have served in the military but also revises the administrative approach to tax collection for these individuals. The change is poised to improve compliance rates among eligible service members who might otherwise struggle to meet single large payment requirements.

Summary

Senate Bill 2323 is a piece of legislation aimed at providing relief to veterans and active duty service members by allowing them to pay ad valorem taxes in installments. Specifically, the bill introduces a new section to the Texas Tax Code, which states that eligible individuals can pay their taxes in eight equal installments without incurring penalties or interest, given that the first payment is made on time. This measure seeks to ease the financial burden on service members and ensure they can manage their tax obligations more flexibly.

Contention

While the legislation has garnered support for its intent to assist veterans, discussions surrounding it may highlight differing views on tax relief measures. Some opponents might argue about the potential fiscal implications for taxing units that rely on full upfront payments to fund local services. Moreover, there may be debates on whether such tailored tax relief is equitable compared to support measures for other taxpayer demographics facing economic hardships. As it stands, the proposed bill reflects a targeted approach to tax policy but could invoke dialogues about broader tax reforms.