Enrolled Bill Summary

House Bill 1723 amends the Local Government Code to authorize the commissioners court of a rural county to establish a county employment development board. The bill sets forth the powers and duties of such boards and authorizes a county to order an election to impose a sales and use tax at the rate of one-eighth of one percent and to impose a new property tax in the county at a rate not to exceed three cents on each $100 of taxable property value or to increase an existing property tax by that amount to fund the activities of an economic development program. The bill also amends the Development Corporation Act of 1979 to authorize tax proceeds from a sales and use tax imposed by an industrial development or economic development corporation to be used to provide funding to the county employment development boards.