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<br />REQuA FOR CITY COUNCIL AGENDA ITE' <br /> <br />AGENDA DATE.J D-II- 'i '\ <br /> <br />REQUESTED BY Jeff Litchfield. Finance Director/ACM <br /> <br />_ REPORT; _ RESOLUTION; .1QL ORDINANCE; <br /> <br />In the last session of the Texas Legislature, an amendment was made to Tax Code section <br />33.07 and a new section 33.08 was added. <br /> <br />The Texas Legislature in enacting Texas Tax Code, Sections 33.07 and 33.08 has authorized the <br />adoption of an additional penalty to be added to delinquent taxes to offset the costs of collection <br />for the current year and each succeeding year <br /> <br />Amended Section 33.07 allows the 15% penalty to be added to taxes that become delinquent on <br />or after February 1 but not later than May 1 and that remain delinquent on July 1 of the tax year in <br />which the tax was due. <br /> <br />New Section 33.08 addresses the additional penalty for collection costs for taxes that become <br />delinquent on or after June 1. <br /> <br />In essence, these two sections allow the 15% penalty to be added to taxes, which become due <br />on June 1 or after, so long as notice of such penalty is provided to the taxpayer within the time <br />frames set forth by the statues. These new laws were effective September 1, 1999. <br /> <br />ACTION REQUIRED BY COUNCIL: <br /> <br />Approve ordinance authorizing the 15% penalty to be added to delinquent taxes to defray the <br />costs of collecting such taxes. <br /> <br />FUND N/A <br /> <br />ACCT NUM: <br /> <br />FUNDS AVAILABLE: <br /> <br />APPROVED FOR CITY COUNCIL AGENDA <br /> <br />~T~ <br />ROBERT 1. HERRERA, CITY MANAGER <br /> <br />IQ-b~lf't <br />DATE <br /> <br />~ <br />