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A BILL TO BE ENTITLED
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AN ACT
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relating to the information required to be provided by the chief |
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appraiser of an appraisal district to the comptroller in connection |
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with the comptroller's central registry of reinvestment zones |
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designated and ad valorem tax abatement agreements executed under |
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the Property Redevelopment and Tax Abatement Act. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 312.005(a), Tax Code, is amended to read |
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as follows: |
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(a) The comptroller shall maintain a central registry of |
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reinvestment zones designated under this chapter and of ad valorem |
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tax abatement agreements executed under this chapter. The chief |
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appraiser of each appraisal district that appraises property for a |
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taxing unit that has designated a reinvestment zone or executed a |
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tax abatement agreement under this chapter shall deliver to the |
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comptroller before July 1 of the year following the year in which |
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the zone is designated or the agreement is executed a report |
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providing the following information: |
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(1) for a reinvestment zone, a general description of |
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the zone, including its size, the types of property located in it, |
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its duration, and the guidelines and criteria established for the |
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reinvestment zone under Section 312.002, including subsequent |
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amendments and modifications of the guidelines or criteria; |
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(2) a copy of each tax abatement agreement to which a |
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taxing unit that participates in the appraisal district is a party; |
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[and] |
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(3) the information described by Section |
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312.205(a)(1) in connection with each tax abatement agreement |
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described by Subdivision (2) of this subsection; and |
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(4) any other information required by the comptroller |
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to administer this section [and Subchapter F, Chapter 111]. |
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SECTION 2. This Act takes effect September 1, 2021. |