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S.B. No. 948

An act relating to the waiver of penalty and interest on a taxing unit’s delinquent payment of its allocation of the budget of an appraisal district.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1.  Section 6.06, Tax Code, is amended by adding Subsection (k) to read as follows:

(k)  For good cause shown, the board of directors may waive the penalty and interest on a delinquent payment under Subsection (e).

SECTION 2.  (a)  Subsection (k), Section 6.06, Tax Code, as added by this Act, applies to the waiver of penalty and interest on a payment that becomes delinquent under Subsection (e), Section 6.06, Tax Code, before, on, or after the effective date of this Act.

                      (b)  An appraisal district may refund a payment of penalty and interest that was made by a taxing unit under Subsection (e), Section 6.06, Tax Code, before the effective date of this Act if the board of directors of the appraisal district waives the penalty and interest as provided by Subsection (k), Section 6.06, Tax Code, as added by this Act.

SECTION 3.  This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution.  If this Act does not receive the vote necessary for immediate effect, this

Act takes effect September 1, 2007.

_____________________________       ______________________________

  President of the Senate                  Speaker of the House

I hereby certify that S.B. No. 948 passed the Senate on

March 28, 2007, by the following vote:  Yeas 30, Nays 0.

______________________________

   Secretary of the Senate

I hereby certify that S.B. No. 948 passed the House on

May 2, 2007, by the following vote:  Yeas 147, Nays 0, two present

not voting.

______________________________

  Chief Clerk of the House

Approved:  ______________________________

                   ______________________________

                                    Date

                   ______________________________

                   ______________________________

                                 Governor

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