Mike Schofield Texas House of Representatives District 132 | Official Website
Mike Schofield Texas House of Representatives District 132 | Official Website
More specifically, the official text was summarized by the state legislature as ’’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’’.
The following is our breakdown, based on the actual bill text, and may include interpretation to clarify its provisions.
This bill amends Section 33.06(d) of the Texas Tax Code to adjust the interest rate on deferred or abated ad valorem taxes for certain residence homesteads. The annual interest rate during deferral or abatement is set at the lesser of the five-year Constant Maturity Treasury Rate reported by the Federal Reserve as of January 1 of that year or 5%, instead of the rate outlined in Section 33.01. Penalties accrued before filing a deferral affidavit or entering a judgment to abate a suit are preserved, but no new penalties under Section 33.01 will accrue during these periods. An additional penalty may be imposed if taxes remain delinquent 181 days after the deferral or abatement expires. The amendment applies to interest accruing before and after Sept. 1, 2025, if unpaid taxes remain as of that date. The bill takes effect on Sept. 1, 2025.
Mike Schofield, member of the House Committee on Judiciary & Civil Jurisprudence, proposed another five bills during the 89(R) legislative session.
Schofield graduated from Rutgers University with a BS and again from Louisiana State University with a JD.
Mike Schofield is currently serving in the Texas State House, representing the state's 132nd House district. He replaced previous state representative Gina Calanni in 2021.
Bills in Texas go through a multi-step legislative process, including committee review, debates, and votes in both chambers before reaching a final decision. Each session, there are typically thousands of bills introduced, but only a portion successfully navigate the process to become law.
You can read more about the bills and other measures here.
| Bill Number | Date Introduced | Short Description |
|---|---|---|
| HB 831 | 03/05/2025 | Relating to the interlocutory appeal of certain orders regarding the constitutionality, effect, or enforceability of a statute |
| HB 788 | 03/05/2025 | Relating to daylight saving time |
| HB 558 | 03/03/2025 | Relating to the provision of funding under the public school finance system on the basis of property values that take into account optional homestead exemptions |
| HB 455 | 02/28/2025 | Relating to the establishment of a limitation on the total amount of ad valorem taxes that certain taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses |
| HB 209 | 02/27/2025 | Relating to the separation of federal elections from state and local elections, and to related practices and procedures |
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