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AN ACT
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relating to the penalty for failure to make a timely installment |
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payment of ad valorem taxes on property in a disaster area. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subsection (c), Section 31.032, Tax Code, is |
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amended to read as follows: |
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(c) If the person fails to make a payment before the |
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applicable date provided by Subsection (b), the unpaid amount is |
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delinquent and incurs a penalty of six [12] percent and interest as |
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provided by Section 33.01(c). |
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SECTION 2. Subsection (c), Section 31.032, Tax Code, as |
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amended by this Act, applies only to the penalty for a failure to |
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make a timely installment payment of taxes that occurs on or after |
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the effective date of this Act. The penalty for a failure to make a |
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timely installment payment of taxes that occurred before the |
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effective date of this Act is governed by the law in effect when the |
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failure occurred, and the former law is continued in effect for that |
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purpose. |
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SECTION 3. This Act takes effect September 1, 2011. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I hereby certify that S.B. No. 432 passed the Senate on |
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April 7, 2011, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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I hereby certify that S.B. No. 432 passed the House on |
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May 20, 2011, by the following vote: Yeas 149, Nays 0, one |
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present not voting. |
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______________________________ |
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Chief Clerk of the House |
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Approved: |
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______________________________ |
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Date |
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______________________________ |
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Governor |