| 1 | 1 | | 88R13493 LHC-D |
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| 2 | 2 | | By: Martinez Fischer H.B. No. 4113 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to installment payments of ad valorem taxes imposed on |
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| 8 | 8 | | residence homesteads. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. The heading to Section 31.031, Tax Code, is |
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| 11 | 11 | | amended to read as follows: |
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| 12 | 12 | | Sec. 31.031. INSTALLMENT PAYMENTS OF RESIDENCE [CERTAIN] |
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| 13 | 13 | | HOMESTEAD TAXES. |
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| 14 | 14 | | SECTION 2. Sections 31.031(a-1) and (a-2), Tax Code, are |
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| 15 | 15 | | amended to read as follows: |
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| 16 | 16 | | (a-1) An individual [to whom this section applies] may pay a |
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| 17 | 17 | | taxing unit's taxes imposed on property that the person owns and |
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| 18 | 18 | | occupies as a residence homestead in four equal installments |
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| 19 | 19 | | without penalty or interest if the first installment is paid before |
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| 20 | 20 | | the delinquency date and is accompanied by notice to the taxing unit |
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| 21 | 21 | | that the person will pay the remaining taxes in three equal |
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| 22 | 22 | | installments. If the delinquency date is February 1, the second |
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| 23 | 23 | | installment must be paid before April 1, the third installment must |
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| 24 | 24 | | be paid before June 1, and the fourth installment must be paid |
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| 25 | 25 | | before August 1. If the delinquency date is a date other than |
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| 26 | 26 | | February 1, the second installment must be paid before the first day |
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| 27 | 27 | | of the second month after the delinquency date, the third |
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| 28 | 28 | | installment must be paid before the first day of the fourth month |
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| 29 | 29 | | after the delinquency date, and the fourth installment must be paid |
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| 30 | 30 | | before the first day of the sixth month after the delinquency date. |
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| 31 | 31 | | (a-2) Notwithstanding the deadline prescribed by Subsection |
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| 32 | 32 | | (a-1) for payment of the first installment, an individual [to whom |
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| 33 | 33 | | this section applies] may pay the taxes in four equal installments |
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| 34 | 34 | | as provided by Subsection (a-1) if the first installment is paid and |
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| 35 | 35 | | the required notice is provided before the first day of the first |
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| 36 | 36 | | month after the delinquency date. |
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| 37 | 37 | | SECTION 3. Section 31.031(a), Tax Code, is repealed. |
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| 38 | 38 | | SECTION 4. This Act applies only to ad valorem taxes imposed |
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| 39 | 39 | | for a tax year beginning on or after the effective date of this Act. |
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| 40 | 40 | | SECTION 5. This Act takes effect January 1, 2024. |
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