Texas SB1412 allows late appraisal applications for qualified timber land following the owner's death, exempting penalties for certain late filers.

Texas SB1412 amends the Tax Code to allow the chief appraiser to accept and process late applications for the appraisal of land as qualified timber land following the owner's death. The bill specifies that the chief appraiser must accept and approve or deny such applications if they are filed by the surviving spouse, surviving child, executor, administrator, or fiduciary of the deceased owner, and if the land was appraised under the subchapter in the preceding tax year. The change in law applies only to applications filed on or after the effective date of the Act.

Texas SB1412 allows late appraisal applications for qualified timber land following the owner's death, exempting penalties for certain late filers.

Texas SB1412 amends the Tax Code to allow the chief appraiser to accept and process late applications for the appraisal of land as qualified timber land following the owner's death. The bill specifies that the chief appraiser must accept and approve or deny such applications if they are filed by the surviving spouse, surviving child, executor, administrator, or fiduciary of the deceased owner, and if the land was appraised under the subchapter in the preceding tax year. The change in law applies only to applications filed on or after the effective date of the Act.