Relating to the deadline for filing an application for certain ad valorem tax exemptions or allocations and the calculation of the penalty for filing a late application for such an exemption or allocation.

SB 1352 adjusts deadlines and penalties for property tax exemptions related to "freeport goods" (imported goods intended for re-export). It requires chief appraisers to extend exemption application deadlines to May 15 if property filing deadlines are extended to that date, with possible additional 60-day extensions for good cause. For approved applications, penalties are capped at 10% of either the tax difference or the actual tax amount owed. This bill directly affects property owners seeking tax exemptions for freeport goods under Texas Tax Code Section 11.251, applying only to applications filed on or after September 1, 2025.