Bill Text: TX HB739 | 2025-2026 | 89th Legislature | 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 certain residence homesteads.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced) 2024-11-12 - Filed [HB739 Detail]
Download: Texas-2025-HB739-Introduced.html
| 89R1124 RDS-D | ||
| By: Schofield | H.B. No. 739 | |
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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 | ||
| certain residence homesteads. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 33.06(d), Tax Code, is amended to read as | ||
| follows: | ||
| (d) A tax lien remains on the property and interest | ||
| continues to accrue during the period collection of taxes is | ||
| deferred or abated under this section. The annual interest rate in | ||
| effect for each calendar year or portion of a calendar year during | ||
| the deferral or abatement period is the lower of the five-year | ||
| Constant Maturity Treasury Rate reported by the Federal Reserve | ||
| Board as of January 1 of that year or five 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 (b) or the date the judgment abating the suit is | ||
| entered, as applicable, are preserved. A penalty under Section | ||
| 33.01 is not incurred during a deferral or abatement period. The | ||
| additional penalty under Section 33.07 may be imposed and collected | ||
| only if the taxes for which collection is deferred or abated remain | ||
| delinquent on or after the 181st 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. Section 33.06(d), Tax Code, as amended by this | ||
| Act, applies to interest that accrued during a deferral or | ||
| abatement period under that section before September 1, 2025, if | ||
| the tax remains unpaid as of that date, and applies to interest that | ||
| accrues during a deferral or abatement period under that section on | ||
| or after that date, regardless of whether the deferral or abatement | ||
| period began before September 1, 2025, or begins on or after that | ||
| date. | ||
| SECTION 3. This Act takes effect September 1, 2025. | ||
