SRC-JEC S.B. 1710 77(R)BILL ANALYSIS Senate Research CenterS.B. 1710 By: Van de Putte Intergovernmental Relations 6/13/2001 Enrolled DIGEST AND PURPOSE Currently, if a municipality enters into certain property tax abatement agreements with the owner of property located in its taxing jurisdiction, the governing body of each other taxing unit in which the property is located is eligible to enter into tax abatement agreements with the property owner. However, these subsequent tax abatement agreements must be entered within 90 days of the date the municipal agreement was executed. This 90-day limit may impede another taxing unit's ability to enter a tax abatement agreement. S.B. 1710 removes the 90-day time limit for other taxing units to enter an agreement and clarifies the law governing the execution, duration, and other terms of certain tax abatement agreements. RULEMAKING AUTHORITY This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 312.206(a), Tax Code, to remove a deadline for a governing body and a property owner to execute a written tax abatement agreement. Provides that the execution, duration, and other terms of an agreement made under this section are governed by the provisions of Sections 312.204, 312.205, and 312.211 applicable to a municipality. Deletes text regarding the applicability of Section 312.205 to a certain agreement. SECTION 2. Amends Section 312.204(a), Tax Code, to authorize a certain tax abatement agreement to take effect on January 1 of the tax year after the date the improvements or repairs are substantially completed. SECTION 3. Effective date: September 1, 2001.