Bill Text: TX SB50 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to ad valorem tax liens on personal property.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2015-04-08 - Left pending in committee [SB50 Detail]
Download: Texas-2015-SB50-Introduced.html
| 84R2523 CJC-F | ||
| By: Zaffirini | S.B. No. 50 | |
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| relating to ad valorem tax liens on personal property. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 32.01(b), Tax Code, is amended to read as | ||
| follows: | ||
| (b) A tax lien on inventory, furniture, equipment, or other | ||
| personal property is a lien in solido and attaches to all inventory, | ||
| furniture, equipment, and other personal property that the property | ||
| owner owns on January 1 of the year the lien attaches or that the | ||
| property owner subsequently acquires, irrespective of whether the | ||
| personal property is located within the boundaries of the taxing | ||
| unit in whose favor the lien attaches. | ||
| SECTION 2. This Act takes effect immediately if it receives | ||
| a vote of two-thirds of all the members elected to each house, as | ||
| provided by Section 39, Article III, Texas Constitution. If this | ||
| Act does not receive the vote necessary for immediate effect, this | ||
| Act takes effect September 1, 2015. | ||
