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Senate Bill 627 |
Senate Author: Davis |
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Effective: 6-17-11 |
House Sponsor: Veasey |
Senate Bill 627 amends the Tax Code to authorize a county commissioners court that enters into an agreement with the governing body of a municipality for the purpose of paying into a reinvestment zone's tax increment fund the county's tax increment produced from property located in the zone to enter into an agreement with the municipality's governing body on behalf of a taxing unit other than the county if the county approves that unit's tax rate or levies that unit's taxes. The bill also authorizes the commissioners court of a county that creates a reinvestment zone to provide by order for the payment into the zone's tax increment fund of a portion of the tax increment produced by such a taxing unit. The bill excludes the hospital districts of Bexar, Nueces, El Paso, and Harris Counties from the application of these provisions.
Senate Bill 627 revises deadline provisions relating to a taxing unit making a payment into the tax increment fund for a reinvestment zone.