Bill Text: TX SB916 | 2011-2012 | 82nd Legislature | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to ad valorem tax lien transfers.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Engrossed - Dead) 2011-05-18 - Committee report sent to Calendars [SB916 Detail]
Download: Texas-2011-SB916-Comm_Sub.html
Bill Title: Relating to ad valorem tax lien transfers.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Engrossed - Dead) 2011-05-18 - Committee report sent to Calendars [SB916 Detail]
Download: Texas-2011-SB916-Comm_Sub.html
By: Wentworth | S.B. No. 916 | |
(Paxton) | ||
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relating to ad valorem tax lien transfers. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subsection (a-3), Section 32.06, Tax Code, is | ||
amended to read as follows: | ||
(a-3) If the property owner has executed an authorization | ||
under Subsection (a-2)(2)(B) consenting to a transfer of the tax | ||
liens for both the taxes on the property that are not delinquent and | ||
taxes on the property that are delinquent, the collector's | ||
certification under Subsection (b) may be [ |
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in one document [ |
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SECTION 2. Subsection (b), Section 33.445, Tax Code, is | ||
amended to read as follows: | ||
(b) In consideration of the payment by the transferee of | ||
those taxes and charges, each joined taxing unit shall transfer its | ||
tax lien to the transferee in the form and manner provided by | ||
Section 32.06(b) and enter its disclaimer in the suit. The transfer | ||
of a tax lien under this subsection does not require authorization | ||
by the property owner. | ||
SECTION 3. The changes in law made by this Act apply only to | ||
the transfer of an ad valorem tax lien that occurs on or after the | ||
effective date of this Act. A transfer of an ad valorem tax lien | ||
that occurs before the effective date of this Act is governed by the | ||
law in effect at the time the transfer occurred, and the former law | ||
is continued in effect for that purpose. | ||
SECTION 4. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2011. |