S.B. No. 1508
relating to the rendition of certain property for ad valorem tax
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 22.01, Tax Code, is amended by adding
Subsections (c-1), (c-2), and (d-1) to read as follows:
(c-1) In this section:
(1) “Secured party” has the meaning assigned by
Section 9.102, Business & Commerce Code.
(2) “Security interest” has the meaning assigned by
Section 1.201, Business & Commerce Code.
(c-2) With the consent of the property owner, a secured
party may render for taxation any property of the property owner in
which the secured party has a security interest on January 1,
although the secured party is not required to render the property by
Subsection (a) or (b). This subsection applies only to property
that has a historical cost when new of more than $50,000.
(d-1) A secured party who renders property under Subsection
(c-2) shall indicate the party’s status as a secured party and shall
state the name and address of the property owner. A secured party
is not liable for inaccurate information included on the rendition
statement if the property owner supplied the information or for
failure to timely file the rendition statement if the property
owner failed to promptly cooperate with the secured party. A
secured party may rely on information provided by the property
owner with respect to:
(1) the accuracy of information in the rendition
(2) the appraisal district in which the rendition
statement must be filed; and
(3) compliance with any provisions of this chapter
that require the property owner to supply additional information.
SECTION 2. Subsection (e), Section 22.24, Tax Code, is
amended to read as follows:
(e) To be valid, a rendition or report must be sworn to
before an officer authorized by law to administer an oath. The
comptroller may not prescribe or approve a rendition or report form
unless the form provides for the person filing the form to swear
that the information provided in the rendition or report is true and
accurate to the best of the person’s knowledge and belief. This
subsection does not apply to a rendition or report filed by a
secured party, as defined by Section 22.01, the property owner, an
employee of the property owner, or an employee of a property owner
on behalf of an affiliated entity of the property owner.
SECTION 3. This Act applies only to the rendition of
property for ad valorem tax purposes for a tax year that begins on
or after the effective date of this Act.
SECTION 4. This Act takes effect January 1, 2014.
President of the Senate Speaker of the House
I hereby certify that S.B. No. 1508 passed the Senate on
April 25, 2013, by the following vote: Yeas 29, Nays 0.
Secretary of the Senate
I hereby certify that S.B. No. 1508 passed the House on
May 22, 2013, by the following vote: Yeas 148, Nays 0, two
present not voting.
Chief Clerk of the House