Texas 2025 - 89th Regular

Texas Senate Bill SB1352 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1		By: Hinojosa of Nueces S.B. No. 1352
2		-
3		-
	2	+	(In the Senate - Filed February 18, 2025; March 6, 2025,
	3	+	read first time and referred to Committee on Local Government;
	4	+	March 24, 2025, reported favorably by the following vote: Yeas 7,
	5	+	Nays 0; March 24, 2025, sent to printer.)
	6	+	Click here to see the committee vote
4	7
5	8
6	9		A BILL TO BE ENTITLED
7	10		AN ACT
8	11		relating to the deadline for filing an application for certain ad
9	12		valorem tax exemptions or allocations and the calculation of the
10	13		penalty for filing a late application for such an exemption or
11	14		allocation.
12	15		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
13	16		SECTION 1. Section 11.43, Tax Code, is amended by adding
14	17		Subsection (d-1) to read as follows:
15	18		(d-1) If the chief appraiser extends the deadline for a
16	19		property owner to file a rendition statement or property report to
17	20		May 15 under Section 22.23(b), the chief appraiser shall also
18	21		extend the deadline for the property owner to file an application
19	22		for an exemption under Section 11.251 to May 15. For good cause
20	23		shown, the chief appraiser may further extend the deadline for
21	24		filing an exemption application by written order for a single
22	25		period not to exceed 60 days from the deadline prescribed by
23	26		Subsection (d).
24	27		SECTION 2. Section 11.4391(b), Tax Code, is amended to read
25	28		as follows:
26	29		(b) If the application is approved, the property owner is
27	30		liable to each taxing unit allowing the exemption for a penalty in
28	31		an amount equal to the lesser of:
29	32		(1) 10 percent of the difference between the amount of
30	33		tax imposed by the taxing unit on the inventory or property, a
31	34		portion of which consists of freeport goods, and the amount that
32	35		would otherwise have been imposed; or
33	36		(2) 10 percent of the amount of tax imposed by the
34	37		taxing unit on the inventory or property, a portion of which
35	38		consists of freeport goods.
36	39		SECTION 3. Section 21.09, Tax Code, is amended by adding
37	40		Subsection (b-1) to read as follows:
38	41		(b-1) If the chief appraiser extends the deadline for a
39	42		property owner to file a rendition statement or property report to
40	43		May 15 under Section 22.23(b), the chief appraiser shall also
41	44		extend the deadline for the property owner to file an allocation
42	45		application form to May 15. For good cause shown, the chief
43	46		appraiser shall further extend the deadline for filing an
44	47		allocation application form by written order for a period not to
45	48		exceed 30 days from the deadline prescribed by Subsection (b).
46	49		SECTION 4. Section 21.10(b), Tax Code, is amended to read as
47	50		follows:
48	51		(b) If the application is approved, the property owner is
49	52		liable to each taxing unit for a penalty in an amount equal to the
50	53		lesser of:
51	54		(1) 10 percent of the difference between the amount of
52	55		tax imposed by the taxing unit on the property without the
53	56		allocation and the amount of tax imposed on the property with the
54	57		allocation; or
55	58		(2) 10 percent of the amount of tax imposed by the
56	59		taxing unit on the property with the allocation.
57	60		SECTION 5. Section 11.43(d-1), Tax Code, as added by this
58	61		Act, and Section 11.4391(b), Tax Code, as amended by this Act, apply
59	62		only to an application for an exemption for freeport goods under
60	63		Section 11.251, Tax Code, filed on or after the effective date of
61	64		this Act.
62	65		SECTION 6. Section 21.09(b-1), Tax Code, as added by this
63	66		Act, and Section 21.10(b), Tax Code, as amended by this Act, apply
64	67		only to an application for an allocation under Section 21.09, Tax
65	68		Code, filed on or after the effective date of this Act.
66	69		SECTION 7. This Act takes effect September 1, 2025.
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