Supplement: TX HB4250 | 2023-2024 | 88th Legislature | Fiscal Note (Engrossed)
For additional supplements on Texas HB4250 please see the Bill Drafting List
Bill Title: Relating to the right of the clerk of a court to deduct from the amount of the excess proceeds from an ad valorem tax sale of property the cost of postage for sending to the former owner of the property a notice of the owner's right to claim the proceeds.
Status: 2023-06-12 - Effective on 9/1/23 [HB4250 Detail]
Download: Texas-2023-HB4250-Fiscal_Note_Engrossed_.html
Bill Title: Relating to the right of the clerk of a court to deduct from the amount of the excess proceeds from an ad valorem tax sale of property the cost of postage for sending to the former owner of the property a notice of the owner's right to claim the proceeds.
Status: 2023-06-12 - Effective on 9/1/23 [HB4250 Detail]
Download: Texas-2023-HB4250-Fiscal_Note_Engrossed_.html
| TO: |
Honorable Paul Bettencourt, Chair, Senate Committee on Local Government |
| FROM: |
Jerry McGinty, Director, Legislative Budget Board
|
| IN RE: |
HB4250 by Lalani (Relating to the right of the clerk of a court to deduct from the amount of the excess proceeds from an ad valorem tax sale of property the cost of postage for sending to the former owner of the property a notice of the owner's right to claim the proceeds.), As Engrossed |
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 34 of the Tax Code, relating to Tax Sales and Redemption, to allow a clerk of a court to deduct from the amount of the excess proceeds from a property tax sale the cost of postage for sending to the former owner of the property a notice by certified mail of the owner's right to claim the proceeds.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
| Source Agencies: | 304 Comptroller of Public Accounts |
| LBB Staff: | JMc, AF, KK, SD, BRI |
