Texas Tax Code

§ 31.033 — INSTALLMENT PAYMENTS OF TAXES ON PROPERTY IN DISASTER AREA OR EMERGENCY AREA THAT HAS NOT BEEN DAMAGED AS A RESULT OF DISASTER OR EMERGENCY

TX § 31.033Title 1. PROPERTY TAX CODE · Part E. COLLECTIONS AND DELINQUENCY · Ch. 31. COLLECTIONS

Statute text

(a)In this section, "disaster," "disaster area," "emergency," and "emergency area" have the meanings assigned by Section 31.032(g).

(b)This section applies only to:

(1)real property that:

(A)is owned or leased by a business entity that had not more than the amount calculated as provided by Section 31.032(h) in gross receipts in the entity's most recent federal tax year or state franchise tax annual period, according to the applicable federal income tax return or state franchise tax report of the entity;

(B)is located in a disaster area or emergency area; and

(C)has not been damaged as a direct result of the disaster or emergency;

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Legislative history

Added by Acts 2021, 87th Leg., R.S., Ch. 371 (S.B. 742), Sec. 4, eff. June 7, 2021.