Bill Text: TX HB4113 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to installment payments of ad valorem taxes imposed on residence homesteads.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2023-03-21 - Referred to Ways & Means [HB4113 Detail]
Download: Texas-2023-HB4113-Introduced.html
88R13493 LHC-D | ||
By: Martinez Fischer | H.B. No. 4113 |
|
||
|
||
relating to installment payments of ad valorem taxes imposed on | ||
residence homesteads. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. The heading to Section 31.031, Tax Code, is | ||
amended to read as follows: | ||
Sec. 31.031. INSTALLMENT PAYMENTS OF RESIDENCE [ |
||
HOMESTEAD TAXES. | ||
SECTION 2. Sections 31.031(a-1) and (a-2), Tax Code, are | ||
amended to read as follows: | ||
(a-1) An individual [ |
||
taxing unit's taxes imposed on property that the person owns and | ||
occupies as a residence homestead in four equal installments | ||
without penalty or interest if the first installment is paid before | ||
the delinquency date and is accompanied by notice to the taxing unit | ||
that the person will pay the remaining taxes in three equal | ||
installments. If the delinquency date is February 1, the second | ||
installment must be paid before April 1, the third installment must | ||
be paid before June 1, and the fourth installment must be paid | ||
before August 1. If the delinquency date is a date other than | ||
February 1, the second installment must be paid before the first day | ||
of the second month after the delinquency date, the third | ||
installment must be paid before the first day of the fourth month | ||
after the delinquency date, and the fourth installment must be paid | ||
before the first day of the sixth month after the delinquency date. | ||
(a-2) Notwithstanding the deadline prescribed by Subsection | ||
(a-1) for payment of the first installment, an individual [ |
||
as provided by Subsection (a-1) if the first installment is paid and | ||
the required notice is provided before the first day of the first | ||
month after the delinquency date. | ||
SECTION 3. Section 31.031(a), Tax Code, is repealed. | ||
SECTION 4. This Act applies only to ad valorem taxes imposed | ||
for a tax year beginning on or after the effective date of this Act. | ||
SECTION 5. This Act takes effect January 1, 2024. |