By Wilson                                             H.B. No. 3137
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to taxes levied for projects of industrial development
    1-3  corporations created for specific purposes.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Chapter 321, Tax Code, is amended by adding
    1-6  Section 321.106 to read as follows:
    1-7        Section 321.106.  Certain Uses Prohibited.  A municipality
    1-8  may not impose a tax under this section for a specific project
    1-9  under section 4A, Development Corporation Act, that includes a
   1-10  racetrack licensed pursuant to the Texas Racing Act (Article 179e,
   1-11  Vernon's Texas Civil Statutes).
   1-12        SECTION 2.  This act applies to any tax imposed by a
   1-13  municipality before or after the effective date of this act.  If an
   1-14  eligible city has held an election under Chapter 321, Tax Code, for
   1-15  the purposes prohibited herein, that election is hereby rescinded.
   1-16        SECTION 3.  The importance of this legislation and the
   1-17  crowded condition of the calendars in both houses create an
   1-18  emergency and an imperative public necessity that the
   1-19  constitutional rule requiring bills to be read on three several
   1-20  occasions in each house be suspended, and this rule is hereby
   1-21  suspended, and that this Act take effect and be in force from and
   1-22  after its passage, and it is so enacted.