Texas 2023 - 88th 2nd C.S.

Texas House Bill HB66 Compare Versions

Version 1 (Old)

Version 2 (New)

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1	1	88S20078 LHC-D
2	2	By: Raymond H.B. No. 66
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to notice of eligibility for a residence homestead ad
8	8	valorem tax exemption.
9	9	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
10	10	SECTION 1. Section 25.192(b), Tax Code, is amended to read
11	11	as follows:
12	12	(b) If the records of the appraisal district indicate that
13	13	the address of the property is also the address of the owner of the
14	14	property, the chief appraiser must send to the property owner a
15	15	notice that contains:
16	16	(1) the following statement in English and Spanish in
17	17	boldfaced 18-point type at the top of the first page of the notice:
18	18	"NOTICE: A residence homestead exemption from ad valorem taxation
19	19	is NOT currently being allowed on the property listed below.
20	20	However, our records show that this property may qualify for a
21	21	residence homestead exemption, which will reduce your taxes.";
22	22	(2) following the statement described by Subdivision
23	23	(1), the following statement in English and Spanish in 12-point
24	24	type: "According to the records of the appraisal district, the
25	25	property described in this notice may be your primary residence and
26	26	may qualify for a residence homestead exemption from ad valorem
27	27	taxation. If the property is your home and you occupy it as your
28	28	primary residence, the property likely qualifies for one or more
29	29	residence homestead exemptions, including an exemption from
30	30	taxation by a school district of $(insert the amount of the
31	31	exemption provided by Section 11.13(b)) of the appraised value of
32	32	the property, which will reduce the amount of taxes imposed on the
33	33	property. The form needed to apply for a residence homestead
34	34	exemption is enclosed. Although the form may state that the
35	35	deadline for filing an application for a residence homestead
36	36	exemption is April 30, a late application for a residence homestead
37	37	exemption will be accepted if filed before February 1, (insert year
38	38	application must be filed). There is no fee or charge for filing an
39	39	application or a late application for a residence homestead
40	40	exemption. If you have questions or would like more information,
41	41	please call (insert appraisal district telephone number) or e-mail
42	42	(insert appraisal district e-mail address)."; and
43	43	(3) following the statement described by Subdivision
44	44	(2), the address to which the notice is sent.
45	45	SECTION 2. Chapter 2702, Insurance Code, is amended by
46	46	adding Subchapter D to read as follows:
47	47	SUBCHAPTER D. OTHER CLOSING SERVICES
48	48	Sec. 2702.151. DEFINITION. In this subchapter, "residence
49	49	homestead" has the meaning assigned by Section 11.13, Tax Code.
50	50	Sec. 2702.152. APPLICABILITY. This subchapter does not
51	51	apply to the closing or settlement of a real property transaction if
52	52	the closing or settlement is not actually handled by:
53	53	(1) a title insurance company, a title insurance
54	54	agent, or an attorney for a title insurance company or title
55	55	insurance agent; or
56	56	(2) a representative of a title insurance company, a
57	57	title insurance agent, or an attorney for a title insurance company
58	58	or title insurance agent.
59	59	Sec. 2702.153. NOTICE OF ELIGIBILITY FOR RESIDENCE
60	60	HOMESTEAD EXEMPTION. In connection with the closing and settlement
61	61	of a real property transaction relating to residential real
62	62	property in this state, a title insurance company or title
63	63	insurance agent shall provide to the buyer:
64	64	(1) a notice in English and Spanish that contains the
65	65	following statement: "If you occupy this property as your primary
66	66	residence, the property will likely qualify for one or more
67	67	residence homestead exemptions from ad valorem taxation, including
68	68	an exemption from taxation by a school district of $(insert the
69	69	amount of the exemption provided by Section 11.13(b), Tax Code) of
70	70	the appraised value of the property, which will reduce the amount of
71	71	taxes imposed on the property. The form needed to apply for a
72	72	residence homestead exemption is enclosed. Although the form may
73	73	state that the deadline for filing an application for a residence
74	74	homestead exemption is April 30, a late application for a residence
75	75	homestead exemption will be accepted if filed before February 1,
76	76	(insert year application must be filed). There is no fee or charge
77	77	for filing an application or a late application for a residence
78	78	homestead exemption. If you have questions or would like more
79	79	information, please call (insert appraisal district telephone
80	80	number) or e-mail (insert appraisal district e-mail address)."; and
81	81	(2) an application form for an exemption under Section
82	82	11.13, Tax Code.
83	83	SECTION 3. The change in law made by this Act to Section
84	84	25.192, Tax Code, applies only to a tax year that begins on or after
85	85	the effective date of this Act.
86	86	SECTION 4. This Act takes effect on the 91st day after the
87	87	last day of the legislative session.