HOUSE BILL 1194 |
HOUSE AUTHOR: Brimer |
EFFECTIVE: 09-01-01 |
SENATE SPONSOR: Harris |
House Bill 1194 amends the Tax Code to provide that property in a municipal reinvestment zone that is subject to a tax abatement agreement or tax increment financing remains eligible for the tax treatment if the property's owner or lessee becomes a governing member of the municipality or its zoning or planning board or commission. The same applies to property in a county reinvestment zone that is subject to a tax abatement agreement if its owner or lessee is elected to the county commissioners court.