HBA-AMW H.B. 1847 77(R) BILL ANALYSIS Office of House Bill AnalysisH.B. 1847 By: Keffer Ways & Means 4/19/2001 Introduced BACKGROUND AND PURPOSE Current law provides no deadline by which a taxing unit must pay a property tax refund to a property owner. If a refund is occasioned by the appraisal district's denial of an exemption that is later granted, a taxing unit must pay the property owner interest on the refunded amount at a floating annual rate not to exceed 10 percent. For all other refunds, a taxing unit is required to include with the refund interest on the refunded amount at an annual rate of eight percent. House Bill 1847 establishes a deadline for a taxing unit to refund overpayment of taxes to property owners, requires interest to be included with delinquent refunds, and entitles certain property owners who prevail in a suit to compel a refund to collect court costs and reasonable attorney's fees. RULEMAKING AUTHORITY It is the opinion of the Office of House Bill Analysis that this bill does not expressly delegate any additional rulemaking authority to a state officer, department, agency, or institution. ANALYSIS House Bill 1847 amends the Tax Code to require a taxing unit to include with a refund for the difference between the amount of taxes paid and amount of taxes for which a property owner is liable interest on the amount refunded at an annual rate of 12 percent, calculated from the delinquency date for the taxes until the date the refund is made if the taxing unit does not make a refund, including interest, before the 60th day after the date the chief appraiser corrects the appraisal roll. The bill also provides that a property owner who prevails in a suit to compel a refund, including interest, that is filed on or after the 180th day after the date the appraisal roll is corrected is entitled to court costs and reasonable attorney's fees. EFFECTIVE DATE On passage, or if the Act does not receive the necessary vote, the Act takes effect September 1, 2001.