SRC-SLL S.B. 1450 75(R)   BILL ANALYSIS


Senate Research Center   S.B. 1450
By: Nelson
Economic Development
4-2-97
As Filed


DIGEST 

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

As proposed, S.B. 1450 authorizes the district to exempt certain property
from taxation for a term not to exceed 30 years and authorizes differing
terms in tax abatement agreements. 

RULEMAKING AUTHORITY

This bill does not grant any additional rulemaking authority to a state
officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1. Amends Section 16E(a), (b), and (d), Chapter 1081, Acts of the
68th Legislature, Regular Session, 1983, to authorize the Dallas County
Flood Control District No. 1 to agree in writing with the owner of certain
real property to exempt from taxation a portion of the value of certain
property for a period not to exceed 30 years, rather than 10 years.
Provides 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.
Deletes a provision requiring identical terms in agreements.  Makes
conforming changes. 

SECTION 2. Amends Section 16G(a), Chapter 1081, Acts of the 68th
Legislature, Regular Session, 1983, to make a conforming change. 

SECTION 3. Emergency clause.
  Effective date: upon passage.