Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 53 lowers the interest rate that accrues during the period when a homeowner defers or abates the collection of ad valorem taxes. Instead of the usual penalty interest, the rate is capped at the lower of 5% or the five-year Constant Maturity Treasury Rate, thereby reducing the financial burden on homeowners who defer their taxes due to hardship or eligibility.
Author (1)
Michael Schofield
Contact the Author
Rep. Michael Schofield
Capitol Phone:
(512) 463-0528
Capitol Office:
EXT E2.418
E-Mail:
