JBM S.B. 1450 75(R)    BILL ANALYSIS


NATURAL RESOURCES
S.B. 1450
By: Nelson (Allen)
5-12-97
Committee Report (Unamended)



BACKGROUND 

Currently, Texas law authorizes the Dallas County Flood Control District
No. 1 to grant tax abatements for a term not to exceed 10 years.  The term
of the tax abatement agreement is required to be identical to the tax
abatement granted by the city or county.  These restrictions could inhibit
the district's ability to attract industry.  This bill will authorize the
district to exempt certain property from taxation for a term not to exceed
30 years and will authorize differing terms in tax abatement agreements. 

PURPOSE

To authorize the district to exempt certain property from taxation for a
term not to exceed 30 years and authorize differing terms in tax abatement
agreements. 

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 Section 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 both, or owned and leased by a certified
air carrier on property located within the zone, may be exempted from
taxation by the district from 10 years to 30 years.  This section also
states that a tax abatement agreement entered into by the district is not
required to contain terms identical to another tax abatement agreement
that covers the same exempted property or a portion of that property and
deletes language that restricted this. 

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.