By Pitts                                              H.B. No. 2755
       74R314 SMH-D
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to tax abatements by school districts.
    1-3        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  Section 312.002, Tax Code, is amended by adding
    1-5  Subsection (e) to read as follows:
    1-6        (e)  A school district may not enter into a tax abatement
    1-7  agreement under this chapter.  In this subsection, "school
    1-8  district" has the meaning assigned by Section 11.13(m)(2).
    1-9        SECTION 2.  The change in law made by this Act does not
   1-10  affect the validity of a tax abatement agreement entered into
   1-11  before the effective date of this Act.  A tax abatement agreement
   1-12  entered into before the effective date of this Act is governed by
   1-13  the law in effect when the agreement was entered into, and the
   1-14  former law is continued in effect for that purpose.
   1-15        SECTION 3.  The importance of this legislation and the
   1-16  crowded condition of the calendars in both houses create an
   1-17  emergency and an imperative public necessity that the
   1-18  constitutional rule requiring bills to be read on three several
   1-19  days in each house be suspended, and this rule is hereby suspended,
   1-20  and that this Act take effect and be in force from and after its
   1-21  passage, and it is so enacted.