HB53 — Relating to the rate at which interest accrues in connection with the deferral or abatement of the collection of ad valorem taxes on certain residence homesteads.

HB53 — Relating to the rate at which interest accrues in connection with the deferral or abatement of the collection of ad valorem taxes on certain residence homesteads. · Informed CitizenryHB53 amends the Tax Code to change the annual interest rate for residence homesteads when ad valorem taxes are deferred or abated. The new rate is the lower of the five-year Constant Maturity Treas…Open in Informed Citizenry