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TX SB1352
Bill
Status
6/20/2025
Primary Sponsor
Adam Hinojosa
Click for details
AI Summary
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Requires chief appraisers to automatically extend the deadline to May 15 for filing freeport goods exemption applications (Section 11.251) when they extend a property owner's rendition statement deadline to May 15
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Allows chief appraisers to grant an additional extension of up to 60 days beyond the standard deadline for exemption applications for good cause shown
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Extends the same deadline accommodation to property allocation applications, with chief appraisers required to extend filing to May 15 and permitted to grant an additional 30-day extension for good cause
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Caps late filing penalties at the lesser of either 10% of the tax savings from the exemption/allocation OR 10% of the total tax imposed on the property with the exemption/allocation
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Takes effect September 1, 2025, and applies only to applications filed on or after that date
Legislative Description
Relating to the deadline for filing an application for certain ad valorem tax exemptions or allocations and the calculation of the penalty for filing a late application for such an exemption or allocation.
Taxation
Last Action
Effective on 9/1/25
6/20/2025