AN ACT
1-1 relating to the authority of a municipality to create an industrial
1-2 development corporation and to levy a sales and use tax to carry
1-3 out the projects of the corporation.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Subdivision (1), Subsection (a), Section 4B,
1-6 Development Corporation Act of 1979 (Article 5190.6, Vernon's Texas
1-7 Civil Statutes), is amended to read as follows:
1-8 (1) "Eligible city" means a city:
1-9 (A) that is located in a county with a
1-10 population of 750,000 or more, according to the most recent federal
1-11 decennial census and in which the combined rate of all sales and
1-12 use taxes imposed by the city, the state, and other political
1-13 subdivisions of the state having territory in the city does not
1-14 exceed 7.25 percent on the date of any election held under or made
1-15 applicable to this section;
1-16 (B) that has a population of 400,000 or more,
1-17 according to the most recent federal decennial census, and that is
1-18 located in more than one county, and in which the combined rate of
1-19 all sales and use taxes imposed by the city, the state, and other
1-20 political subdivisions of the state having territory in the city,
1-21 including taxes under this section, does not exceed 8.25 percent;
1-22 (C) that is located in a county with a
1-23 population of more than 1,100,000 according to the most recent
2-1 federal decennial census, in which there are more than 29 [40]
2-2 incorporated municipalities according to the most recent federal
2-3 decennial census, and in which the combined rate of all sales and
2-4 use taxes imposed by the city, the state, and other political
2-5 subdivisions of the state having territory in the city does not
2-6 exceed 7.75 percent on the date of any election held under or made
2-7 applicable to this section; or
2-8 (D) to which Section 4A of this Act applies.
2-9 (E) Paragraph (C) of this subdivision expires
2-10 September 1, 1999 [1997].
2-11 SECTION 2. The importance of this legislation and the
2-12 crowded condition of the calendars in both houses create an
2-13 emergency and an imperative public necessity that the
2-14 constitutional rule requiring bills to be read on three several
2-15 days in each house be suspended, and this rule is hereby suspended,
2-16 and that this Act take effect and be in force from and after its
2-17 passage, and it is so enacted.
S.B. No. 293
_______________________________ _______________________________
President of the Senate Speaker of the House
I hereby certify that S.B. No. 293 passed the Senate on
April 1, 1997, by the following vote: Yeas 29, Nays 1; and that
the Senate concurred in House amendment on May 1, 1997, by a
viva-voce vote.
_______________________________
Secretary of the Senate
I hereby certify that S.B. No. 293 passed the House, with
amendment, on April 30, 1997, by a non-record vote.
_______________________________
Chief Clerk of the House
Approved:
_______________________________
Date
_______________________________
Governor