Texas 2025 - 89th Regular

Texas Senate Bill SB2856 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	89R5476 LHC-D
2	2	By: Menéndez S.B. No. 2856
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7	7	A BILL TO BE ENTITLED
8	8	AN ACT
9	9	relating to the penalties and interest that may be incurred on
10	10	delinquent ad valorem taxes imposed on a residence homestead.
11	11	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
12	12	SECTION 1. Section 33.01, Tax Code, is amended by adding
13	13	Subsections (g) and (h) to read as follows:
14	14	(g) Notwithstanding Subsections (a) and (c), a delinquent
15	15	tax on property that qualifies for an exemption under Section 11.13
16	16	that remains unpaid prior to July 1 of the year in which it becomes
17	17	delinquent incurs a total amount of penalty and interest equal to
18	18	seven percent of the amount of the tax.
19	19	(h) Notwithstanding Subsections (a), (b), and (c), a tax on
20	20	property that qualifies for an exemption under Section 11.13 that
21	21	is delinquent on July 1 incurs a total amount of penalty and
22	22	interest equal to 12 percent of the amount of the tax, regardless of
23	23	the number of months the tax has been delinquent.
24	24	SECTION 2. The changes in law made by this Act apply only to
25	25	the penalty and interest incurred on a tax that becomes delinquent
26	26	on or after the effective date of this Act. The penalty and
27	27	interest incurred on a tax that became delinquent before the
28	28	effective date of this Act are governed by the law in effect on the
29	29	date the tax became delinquent, and the former law is continued in
30	30	effect for that purpose.
31	31	SECTION 3. This Act takes effect September 1, 2025.