S.B. No. 1352 amends the Texas Tax Code to establish new deadlines for filing applications for certain ad valorem tax exemptions and allocations, specifically for freeport goods. The bill introduces a provision that allows the chief appraiser to extend the deadline for property owners to file exemption applications to May 15 if the deadline for filing a rendition statement or property report is also extended. Additionally, the chief appraiser may grant further extensions for good cause, with a maximum of 60 days for exemption applications and 30 days for allocation applications.

The bill also modifies the calculation of penalties for late applications. It specifies that if an application is approved, the penalty for the property owner will be the lesser of either 10 percent of the difference in tax amounts or 10 percent of the total tax imposed, depending on whether the property consists of freeport goods or is subject to an allocation. These changes will 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 11, Tax Code 21)