SB2856 - Relating to the penalties and interest that may be incurred on delinquent ad valorem taxes imposed on a residence homestead.

  89R5476 LHC-D     By: Menéndez S.B. No. 2856       A BILL TO BE ENTITLED   AN ACT   relating to the penalties and interest that may be incurred on   delinquent ad valorem taxes imposed on a residence homestead.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 33.01, Tax Code, is amended by adding   Subsections (g) and (h) to read as follows:           (g)     Notwithstanding Subsections (a) and (c), a delinquent   tax on property that qualifies for an exemption under Section 11.13   that remains unpaid prior to July 1 of the year in which it becomes   delinquent incurs a total amount of penalty and interest equal to   seven percent of the amount of the tax.             (h)     Notwithstanding Subsections (a), (b), and (c), a tax on   property that qualifies for an exemption under Section 11.13 that   is delinquent on July 1 incurs a total amount of penalty and   interest equal to 12 percent of the amount of the tax, regardless of   the number of months the tax has been delinquent.            SECTION 2.  The changes in law made by this Act apply only to   the penalty and interest incurred on a tax that becomes delinquent   on or after the effective date of this Act. The penalty and   interest incurred on a tax that became delinquent before the   effective date of this Act are governed by the law in effect on the   date the tax became delinquent, and the former law is continued in   effect for that purpose.          SECTION 3.  This Act takes effect September 1, 2025.