Texas Statutes
Subchapter C. Administration of Exemptions
Section 11.4391. Late Application for Freeport Exemption

Sec. 11.4391. LATE APPLICATION FOR FREEPORT EXEMPTION. (a) The chief appraiser shall accept and approve or deny an application for an exemption for freeport goods under Section 11.251 after the deadline for filing it has passed if it is filed on or before the later of:
(1) June 15; or
(2) if applicable, the 60th day after the date on which the chief appraiser delivers notice to the property owner under Section 22.22.
(b) If the application is approved, the property owner is liable to each taxing unit for a penalty in an amount equal to 10 percent of the difference between the amount of tax imposed by the taxing unit on the inventory or property, a portion of which consists of freeport goods, and the amount that would otherwise have been imposed.
(c) The chief appraiser shall make an entry on the appraisal records for the inventory or property indicating the property owner's liability for the penalty and shall deliver a written notice of imposition of the penalty, explaining the reason for its imposition, to the property owner.
(d) The tax assessor for a taxing unit that taxes the inventory or property shall add the amount of the penalty to the property owner's tax bill, and the tax collector for the unit shall collect the penalty at the time and in the manner the collector collects the tax. The amount of the penalty constitutes a lien against the inventory or property against which the penalty is imposed, as if it were a tax, and accrues penalty and interest in the same manner as a delinquent tax.
Added by Acts 2001, 77th Leg., ch. 125, Sec. 3, eff. Sept. 1, 2002. Renumbered from Tax Code Sec. 11.439 by Acts 2003, 78th Leg., ch. 1275, Sec. 2(122), eff. Sept. 1, 2003.
Amended by:
Acts 2017, 85th Leg., R.S., Ch. 357 (H.B. 2228), Sec. 1, eff. January 1, 2018.
Acts 2019, 86th Leg., R.S., Ch. 944 (S.B. 2), Sec. 26, eff. January 1, 2020.

Structure Texas Statutes

Texas Statutes

Tax Code

Title 1 - Property Tax Code

Subtitle C - Taxable Property and Exemptions

Chapter 11 - Taxable Property and Exemptions

Subchapter C. Administration of Exemptions

Section 11.41. Partial Ownership of Exempt Property

Section 11.42. Exemption Qualification Date

Section 11.421. Qualification of Religious Organization

Section 11.422. Qualifications of a School

Section 11.423. Qualification of Charitable Organization or Youth Association

Section 11.424. Conflict Between Governing Regulation of Nonprofit Organization, Association, or Entity and Contract With United States

Section 11.43. Application for Exemption

Section 11.431. Late Application for Homestead Exemption

Section 11.432. Homestead Exemption for Manufactured Home

Section 11.433. Late Application for Religious Organization Exemption

Section 11.434. Late Application for a School Exemption

Section 11.435. Late Application for Charitable Organization Exemption

Section 11.436. Application for Exemption of Certain Property Used for Low-Income Housing

Section 11.437. Exemption for Cotton Stored in Warehouse

Section 11.438. Late Application for Veteran's Organization Exemption

Section 11.439. Late Applications for Disabled Veterans Exemptions

Section 11.4391. Late Application for Freeport Exemption

Section 11.44. Notice of Application Requirements

Section 11.45. Action on Exemption Applications

Section 11.46. Compilation of Partial Exemptions

Section 11.47. Mail Survey of Residence Homesteads

Section 11.48. Confidential Information

Section 11.49. Legal Title Not Affected

Section 11.50. Provision of Names of Individuals Receiving Residence Homestead Exemption to Another Chief Appraiser