The enrollment of HB 533 has modified the penalty procedures for the late filing of personal property renditions.
Prior to the enrollment of the HB 533 the 10% penalty for late filing was final and imposed when a taxpayer received their tax bill.
Now, the chief appraiser must notify the taxpayer prior to the issuance of the tax bill. The taxpayer then has the right to submit a written request for a waiver of the penalty by the later of June 1st or 30 days after notification of the penalty. The chief appraiser may waive the penalty if is determined that the taxpayer exercised "reasonable diligence" to comply with the rendition requirements. If the Chief appraiser denies the waiver the taxpayer can file a protest with the appraisal review board and, if required, to the district court.
The penalty becomes final if the taxpayer does not request a waiver, does not protest the denial of a waiver to the appraisal review board or does not appeal the appraisal review board's determination to the district court.
