73R6040 JD-F
By Berlanga H.B. No. 1453
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to ad valorem tax abatement in a reinvestment zone.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Section 311.013(i), Tax Code, is amended to read
1-5 as follows:
1-6 (i) Subsections (f) and (g) do not apply to a city with a
1-7 population of more than 230,000 that borders <the Gulf of Mexico
1-8 or> Mexico.
1-9 SECTION 2. Section 27, Chapter 1137, Acts of the 71st
1-10 Legislature, Regular Session, 1989, is amended to read as follows:
1-11 Sec. 27. The change in law made by Section 25 of this Act
1-12 does not apply to the payment of all or part of the tax increment
1-13 produced by a taxing unit into the tax increment fund for a
1-14 reinvestment zone for which the initial reinvestment zone financing
1-15 plan has been approved by the governing body of the municipality
1-16 before the effective date of this Act. The payment of all or part
1-17 of that tax increment into the tax increment fund is governed by
1-18 the applicable law in effect immediately before the effective date
1-19 of this Act, and the former law is continued in effect for that
1-20 purpose. <The provisions of Subsections (f) and (g) of Section
1-21 311.013, Tax Code, as added by Section 25 of this Act shall not
1-22 apply to cities of over 230,000 in population that border the Gulf
1-23 of Mexico or Mexico.>
2-1 SECTION 3. The importance of this legislation and the
2-2 crowded condition of the calendars in both houses create an
2-3 emergency and an imperative public necessity that the
2-4 constitutional rule requiring bills to be read on three several
2-5 days in each house be suspended, and this rule is hereby suspended.