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.