JKM H.B. 1310 75(R)BILL ANALYSIS ECONOMIC DEVELOPMENT H.B. 1310 By: Chisum 4-1-97 Committee Report (Unamended) BACKGROUND A local referendum establishing an economic development sales tax can contain a time limit for the duration of the tax. Pampa is the only city in Texas that has passed such a time limit. However, current law does not provide for the local voters to reimpose or extend an economic development tax once it expires. PURPOSE To allow local voters to reimpose or extend an economic development tax. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency or institution. SECTION BY SECTION ANALYSIS SECTION 1: Amends Sec. 4A(n), Development Corporation Act of 1979 (Article 5190.6, Vernon's Texas Civil Statutes) by allowing an extension or reimposition of an economic development tax if approved by the local voters. SECTION 2: Emergency Clause. Effective date is upon passage.