HB254 - Relating to the eligibility of an individual to pay the ad valorem taxes imposed on the individual's residence homestead in installments.

  89R3887 LHC-D     By: Lopez of Bexar H.B. No. 254       A BILL TO BE ENTITLED   AN ACT   relating to the eligibility of an individual to pay the ad valorem   taxes imposed on the individual's residence homestead in   installments.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  The heading to Section 31.031, Tax Code, is   amended to read as follows:          Sec. 31.031.  INSTALLMENT PAYMENTS OF RESIDENCE [ CERTAIN ]   HOMESTEAD TAXES.          SECTION 2.  Sections 31.031(a-1) and (a-2), Tax Code, are   amended to read as follows:          (a-1)  An individual [ to whom this section applies ] may pay a   taxing unit's taxes imposed on property that the person owns and   occupies as a residence homestead in four equal installments   without penalty or interest if the first installment is paid before   the delinquency date and is accompanied by notice to the taxing unit   that the person will pay the remaining taxes in three equal   installments.  If the delinquency date is February 1, the second   installment must be paid before April 1, the third installment must   be paid before June 1, and the fourth installment must be paid   before August 1.  If the delinquency date is a date other than   February 1, the second installment must be paid before the first day   of the second month after the delinquency date, the third   installment must be paid before the first day of the fourth month   after the delinquency date, and the fourth installment must be paid   before the first day of the sixth month after the delinquency date.          (a-2)  Notwithstanding the deadline prescribed by Subsection   (a-1) for payment of the first installment, an individual [ to whom   this section applies ] may pay the taxes in four equal installments   as provided by Subsection (a-1) if the first installment is paid and   the required notice is provided before the first day of the first   month after the delinquency date.          SECTION 3.  Section 31.031(a), Tax Code, is repealed.          SECTION 4.  This Act applies only to ad valorem taxes imposed   for a tax year beginning on or after the effective date of this Act.          SECTION 5.  This Act takes effect January 1, 2026.