TITLE: Relating to ad valorem tax liens on personal property.

SUMMARY: Relating to ad valorem tax liens on personal property.

FULL TEXT:
AN ACT relating to ad valorem tax liens on personal property. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subsection (b), Section 32.01, Tax Code, is amended to read as follows: (b) A tax lien on inventory, furniture, equipment, or other personal property is a lien in solido and attaches to all inventory, furniture, equipment, and other personal property that the property owner owns on January 1 of the year the lien attaches or that the property owner subsequently acquires,irrespective of whether the personal property is located within the boundaries of the taxing unit in whose favor the lien attaches.SECTION 2. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution.