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Committee OKs bill letting counties collect property taxes earlier in the year
Summary
House Bill 1345, passed by the Senate Revenue & Tax Committee, allows counties to permissively open tax books and collect property taxes before the statutory first-business-day-in-March in order to forward funds earlier to local municipalities and schools; Garland County testified it collected about $2.5 million in February under early mailing practices.
The Senate Revenue & Tax Committee voted to approve House Bill 1345, which would permit counties to collect property taxes earlier than the current statutory opening (first business day in March).
Representative Keith Brooks, who sponsored the measure, said the bill is permissive: it "simply allows counties to collect taxes prior to" the current open-books period and codifies practices already used by some counties so municipalities and school districts can receive…
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