Texas HB137 amends the Tax Code to prioritize delinquent ad valorem tax payments over penalties and interest unless otherwise specified by the.

Texas HB137 modifies the Tax Code to ensure that payments made by property owners towards delinquent ad valorem taxes are applied first to the tax amount owed before any penalties or interest, unless the property owner provides written instructions for a different application. Additionally, the bill caps the total amount of penalties and interest on a delinquent tax at $500, regardless of the actual amount calculated under other laws. This Act will take effect on the 91st day after the last day of the legislative session.

Texas HB137 amends the Tax Code to prioritize delinquent ad valorem tax payments over penalties and interest unless otherwise specified by the.

Texas HB137 modifies the Tax Code to ensure that payments made by property owners towards delinquent ad valorem taxes are applied first to the tax amount owed before any penalties or interest, unless the property owner provides written instructions for a different application. Additionally, the bill caps the total amount of penalties and interest on a delinquent tax at $500, regardless of the actual amount calculated under other laws. This Act will take effect on the 91st day after the last day of the legislative session.