summary
Introduced
02/02/2026
02/02/2026
In Committee
02/10/2026
02/10/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Property Tax Code. Provides that no interest or penalties shall be imposed with respect to property that is included in a decedent's probate estate at the time of a delinquency if the representative of the decedent's estate applies with the county treasurer for a waiver of those amounts and is granted that waiver. Provides that the waiver shall apply beginning on the date of the decedent's death until the earlier of either: (i) the date on which the property is sold, transferred, or conveyed or (ii) the date on which the estate is closed.
AI Summary
This bill amends the Property Tax Code to allow for the waiver of interest and penalties on property taxes that become delinquent while the property is part of a decedent's probate estate, which is the legal process of administering a deceased person's assets. Specifically, if the representative of the decedent's estate, who is the person legally appointed to manage the deceased's affairs, applies to the county treasurer for a waiver and it is granted, no interest or penalties will be charged. This waiver would begin on the date of the decedent's death and continue until the property is sold, transferred, or conveyed, or until the probate estate is officially closed by the court. This provision aims to provide relief to estates during the often complex and time-consuming process of settling a deceased person's financial obligations.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Assigned to Revenue (on 02/10/2026)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...