1-1 By: Lewis (Senate Sponsor - Parker) H.B. No. 361
1-2 (In the Senate - Received from the House May 10, 1993;
1-3 May 11, 1993, read first time and referred to Committee on Finance;
1-4 May 19, 1993, reported favorably by the following vote: Yeas 13,
1-5 Nays 0; May 19, 1993, sent to printer.)
1-6 COMMITTEE VOTE
1-7 Yea Nay PNV Absent
1-8 Montford x
1-9 Turner x
1-10 Armbrister x
1-11 Barrientos x
1-12 Bivins x
1-13 Ellis x
1-14 Haley x
1-15 Moncrief x
1-16 Parker x
1-17 Ratliff x
1-18 Sims x
1-19 Truan x
1-20 Zaffirini x
1-21 A BILL TO BE ENTITLED
1-22 AN ACT
1-23 relating to tax abatement agreements and truth in taxation.
1-24 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-25 SECTION 1. Section 26.012(17), Tax Code, is amended to read
1-26 as follows:
1-27 (17) "New property value" means:
1-28 (A) the total taxable value of property added to
1-29 the appraisal roll in the current year by annexation and
1-30 improvements listed on the appraisal roll that were made after
1-31 January 1 of the preceding tax year, including personal property
1-32 located in new improvements that was brought into the unit after
1-33 January 1 of the preceding tax year; and
1-34 (B) property value that is included in the
1-35 current total value for the tax year succeeding a tax year in which
1-36 any portion of the value of the property was excluded from the
1-37 total value because of the application of a tax abatement agreement
1-38 to all or a portion of the property, less the value of the property
1-39 that was included in the total value for the preceding tax year.
1-40 SECTION 2. This Act takes effect January 1, 1994, and
1-41 applies to tax rates adopted on or after that date.
1-42 SECTION 3. The importance of this legislation and the
1-43 crowded condition of the calendars in both houses create an
1-44 emergency and an imperative public necessity that the
1-45 constitutional rule requiring bills to be read on three several
1-46 days in each house be suspended, and this rule is hereby suspended.
1-47 * * * * *
1-48 Austin,
1-49 Texas
1-50 May 19, 1993
1-51 Hon. Bob Bullock
1-52 President of the Senate
1-53 Sir:
1-54 We, your Committee on Finance to which was referred H.B. No. 361,
1-55 have had the same under consideration, and I am instructed to
1-56 report it back to the Senate with the recommendation that it do
1-57 pass and be printed.
1-58 Montford,
1-59 Chairman
1-60 * * * * *
1-61 WITNESSES
1-62 No witnesses appeared on H.B. No. 361.