Bill Text: TX HB158 | 2017 | 85th Legislature 1st Special Session | Introduced
Bill Title: Relating to the rate at which interest accrues in connection with the deferral or abatement of the collection of ad valorem taxes on an appreciating residence homestead.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2017-07-25 - Left pending in committee [HB158 Detail]
Download: Texas-2017-HB158-Introduced.html
| 85S10432 LHC-D | ||
| By: Metcalf | H.B. No. 158 | |
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| relating to the rate at which interest accrues in connection with | ||
| the deferral or abatement of the collection of ad valorem taxes on | ||
| an appreciating residence homestead. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 33.065(g), Tax Code, is amended to read | ||
| as follows: | ||
| (g) A tax lien remains on the property and interest | ||
| continues to accrue during the period collection of delinquent | ||
| taxes is deferred or abated under this section. The annual interest | ||
| rate during the deferral or abatement period is five [ |
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| percent instead of the rate provided by Section 33.01. Interest and | ||
| penalties that accrued or that were incurred or imposed under | ||
| Section 33.01 or 33.07 before the date the individual files the | ||
| deferral affidavit under Subsection (c) or the date the judgment | ||
| abating the suit is entered, as applicable, are preserved. A | ||
| penalty is not incurred on the delinquent taxes for which | ||
| collection is deferred or abated during a deferral or abatement | ||
| period. The additional penalty under Section 33.07 may be imposed | ||
| and collected only if the delinquent taxes for which collection is | ||
| deferred or abated remain delinquent on or after the 91st day after | ||
| the date the deferral or abatement period expires. A plea of | ||
| limitation, laches, or want of prosecution does not apply against | ||
| the taxing unit because of deferral or abatement of collection as | ||
| provided by this section. | ||
| SECTION 2. This Act applies only to interest that accrues | ||
| during a deferral or abatement period on or after the effective date | ||
| of this Act, regardless of whether the deferral or abatement period | ||
| began before that date or begins on or after that date. Interest | ||
| that accrued during a deferral or abatement period before the | ||
| effective date of this Act is governed by the law in effect when the | ||
| interest accrued, and that law is continued in effect for that | ||
| purpose. | ||
| SECTION 3. This Act takes effect January 1, 2018. | ||
