2015 Regular Session
|At the request of:||(at the request of House Interim Committee on Revenue)|
|Bill Title:||Relating to the withholding of outstanding taxes on real property transfers; and prescribing an effective date.|
Prohibits recording by county clerk of instrument to convey fee title to real property to tax-exempt government transferee unaccompanied by certificate issued by county assessor attesting that all charges against real property as of date of recording have been paid.
Requires] Pursuant to written instructions from transferor, authorizes agent providing closing and settlement services in conveyance of real property to tax-exempt government transferee to withhold and pay to county in which real property is located property taxes on] charges against real property outstanding] as of date of conveyance. Provides that deficiency in payment by transferor of charges against real property conveyed to tax-exempt government transferee is not lien on real property but constitutes personal debt of transferor to be collected as provided by law for collection of delinquent property taxes on personal property. Takes effect on 91st day following adjournment sine die.
|Chapter Number:||Chapter 96|
|Fiscal Impact:||Has Minimal Fiscal Impact|
|Revenue Impact:||Revenue Impact Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||Chapter Number Assigned|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|