SB3158

Waives interest penalties for delinquent property taxes in certain circumstances.

The bill amends the Property Tax Code to waive interest penalties for delinquent property taxes under specific conditions. It allows for a waiver if the property is part of a decedent's probate estate and the estate representative applies for and receives a waiver from the county treasurer. The waiver applies from the date of the decedent's death until the property is sold, transferred, or the estate is closed. Additionally, it provides a waiver for the 2019 taxable year for counties with fewer than 3,000,000 inhabitants, subject to certain conditions and approval by the county treasurer.