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