S.B. No. 1508
  relating to the rendition of certain property for ad valorem tax
         SECTION 1.  Section 22.01, Tax Code, is amended by adding
  Subsections (c-1), (c-2), and (d-1) to read as follows:
         (c-1)  In this section:
               (1)  "Secured party" has the meaning assigned by
  Section 9.102, Business & Commerce Code.
               (2)  "Security interest" has the meaning assigned by
  Section 1.201, Business & Commerce Code.
         (c-2)  With the consent of the property owner, a secured
  party may render for taxation any property of the property owner in
  which the secured party has a security interest on January 1,
  although the secured party is not required to render the property by
  Subsection (a) or (b). This subsection applies only to property
  that has a historical cost when new of more than $50,000.
         (d-1)  A secured party who renders property under Subsection
  (c-2) shall indicate the party's status as a secured party and shall
  state the name and address of the property owner. A secured party
  is not liable for inaccurate information included on the rendition
  statement if the property owner supplied the information or for
  failure to timely file the rendition statement if the property
  owner failed to promptly cooperate with the secured party. A
  secured party may rely on information provided by the property
  owner with respect to:
               (1)  the accuracy of information in the rendition
               (2)  the appraisal district in which the rendition
  statement must be filed; and
               (3)  compliance with any provisions of this chapter
  that require the property owner to supply additional information.
         SECTION 2.  Subsection (e), Section 22.24, Tax Code, is
  amended to read as follows:
         (e)  To be valid, a rendition or report must be sworn to
  before an officer authorized by law to administer an oath. The
  comptroller may not prescribe or approve a rendition or report form
  unless the form provides for the person filing the form to swear
  that the information provided in the rendition or report is true and
  accurate to the best of the person's knowledge and belief. This
  subsection does not apply to a rendition or report filed by a
  secured party, as defined by Section 22.01, the property owner, an
  employee of the property owner, or an employee of a property owner
  on behalf of an affiliated entity of the property owner.
         SECTION 3.  This Act applies only to the rendition of
  property for ad valorem tax purposes for a tax year that begins on
  or after the effective date of this Act.
         SECTION 4.  This Act takes effect January 1, 2014.
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
         I hereby certify that S.B. No. 1508 passed the Senate on
  April 25, 2013, by the following vote:  Yeas 29, Nays 0.
  Secretary of the Senate    
         I hereby certify that S.B. No. 1508 passed the House on
  May 22, 2013, by the following vote:  Yeas 148, Nays 0, two
  present not voting.
  Chief Clerk of the House