By Brimer H.B. No. 1194
77R111 JD-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the eligibility of certain property owned or leased by
1-3 a local official for ad valorem tax abatement or tax increment
1-4 financing.
1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-6 SECTION 1. Section 312.204(d), Tax Code, is amended to read
1-7 as follows:
1-8 (d) Except as otherwise provided by this subsection,
1-9 property [Property] that is in a reinvestment zone and that is
1-10 owned or leased by a person who is a member of the governing body
1-11 of the municipality or [by] a member of a zoning or planning board
1-12 or commission of the municipality is excluded from property tax
1-13 abatement or tax increment financing. Property that is subject to
1-14 a tax abatement agreement in effect when the person becomes a
1-15 member of the governing body or of the zoning or planning board or
1-16 commission does not cease to be eligible for property tax abatement
1-17 under that agreement because of the person's membership on the
1-18 governing body, board, or commission. Property that is subject to
1-19 tax increment financing when the person becomes a member of the
1-20 governing body or of the zoning or planning board or commission
1-21 does not become ineligible for tax increment financing in the same
1-22 reinvestment zone because of the person's membership on the
1-23 governing body, board, or commission.
1-24 SECTION 2. Section 312.402(d), Tax Code, is amended to read
2-1 as follows:
2-2 (d) Except as otherwise provided by this subsection,
2-3 property [Property] that is located in a reinvestment zone
2-4 designated by a county under this subchapter and that is owned or
2-5 leased by a person who is a member of the commissioners court may
2-6 not be subject to a tax abatement agreement made under this
2-7 section. Property that is subject to a tax abatement agreement
2-8 under this section in effect when the person becomes a member of
2-9 the commissioners court does not cease to be eligible for property
2-10 tax abatement under that agreement because of the person's
2-11 membership on the commissioners court.
2-12 SECTION 3. This Act takes effect immediately if it receives
2-13 a vote of two-thirds of all the members elected to each house, as
2-14 provided by Section 39, Article III, Texas Constitution. If this
2-15 Act does not receive the vote necessary for immediate effect, this
2-16 Act takes effect September 1, 2001.