JBM H.B. 2327 75(R)BILL ANALYSIS


NATURAL RESOURCES
H.B. 2327
By: Allen
3-26-97
Committee Report (Unamended)



BACKGROUND 

Currently, statutory law allows the Dallas County Flood Control District
No. 1 the authority to grant industry 10-year tax abatements for the
district's flood control efforts.  Increasingly, the district is competing
with similar surrounding districts where statutory authority allows for
30year abatements. 

PURPOSE

To grant the Dallas County Flood Control District No. 1 the authority to
issue tax abatements for 30 years rather than the 10-year tax abatements
it is currently allowed.   

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 Sections 16E(a), (b), and (d), Chapter 1081, Acts of
the 68th Legislature, Regular Session, 1983, by changing the period a
portion of the value of certain real property, or a tangible personal
property located on the real property or owned and leased by a certified
air carrier, may be exempted from taxation by the district from 10 years
to 30 years.  This section also allows the district flexibility to enter
into agreements which do not contain identical terms. 

SECTION 2.  Amends Sections 16G(a), Chapter 1081, Acts of the 68th
Legislature, Regular Session, 1983, by allowing the district the
flexibility to modify existing abatement agreements to extend up to 30
years rather than the existing 10 years. 

SECTION 3.  Emergency clause.