S.B. No. 1352 amends the Texas Tax Code to establish new deadlines and penalties related to ad valorem tax exemptions and allocations. Specifically, it introduces Subsection (d-1) to Section 11.43, which mandates that if the chief appraiser extends the deadline for property owners to file a rendition statement or property report to May 15, the deadline for filing an exemption application under Section 11.251 is also extended to May 15. Additionally, the chief appraiser may grant a further extension of up to 60 days for good cause shown. The bill also modifies Section 11.4391(b) to clarify the penalty for late applications, specifying that property owners are liable for a penalty equal to the lesser of either 10 percent of the difference in tax amounts or 10 percent of the tax imposed on the property.

Furthermore, the bill adds Subsection (b-1) to Section 21.09, which mirrors the provisions for exemption applications regarding the deadline for filing allocation application forms. It also revises Section 21.10(b) to align the penalty structure for allocation applications with that of exemption applications. The new provisions apply only to applications filed on or after the effective date of the Act, which is set for September 1, 2025.

Statutes affected:
Introduced: Tax Code 11.43, Tax Code 11.4391, Tax Code 21.09, Tax Code 21.10 (Tax Code 21, Tax Code 11)
Senate Committee Report: Tax Code 11.43, Tax Code 11.4391, Tax Code 21.09, Tax Code 21.10 (Tax Code 21, Tax Code 11)
Engrossed: Tax Code 11.43, Tax Code 11.4391, Tax Code 21.09, Tax Code 21.10 (Tax Code 21, Tax Code 11)
House Committee Report: Tax Code 11.43, Tax Code 11.4391, Tax Code 21.09, Tax Code 21.10 (Tax Code 21, Tax Code 11)