By Chisum                                             H.B. No. 3019
         77R7701 SMH-F                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to the eligibility for ad valorem tax abatement of
 1-3     property that is the subject of a voluntary cleanup agreement.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1. Section 312.211(a), Tax Code, is amended to read
 1-6     as follows:
 1-7           (a)  This section applies only to:
 1-8                 (1)  real property:
 1-9                       (A)  that is located in a reinvestment zone;
1-10                       (B)  that is not in an improvement project
1-11     financed by tax increment bonds; and
1-12                       (C)  that is the subject of a voluntary cleanup
1-13     agreement under Section 361.606, Health and Safety Code; and
1-14                       [(D)  the value of which is adversely affected by
1-15     the release of a hazardous substance or contaminant according to
1-16     the two preceding appraisals by the appraisal office; and]
1-17                 (2)  tangible personal property located on the real
1-18     property.
1-19           SECTION 2.  The change in law made by Section 312.211(a), Tax
1-20     Code, as amended by this Act, applies only to a tax abatement
1-21     agreement entered into on or after the effective date of this Act.
1-22     A tax abatement agreement entered into before the effective date of
1-23     this Act is governed by the former law, and that law is continued
1-24     in effect for that purpose.
 2-1           SECTION 3.  This Act takes effect immediately if it receives
 2-2     a vote of two-thirds of all the members elected to each house, as
 2-3     provided by Section 39, Article III, Texas Constitution.  If this
 2-4     Act does not receive the vote necessary for immediate effect, this
 2-5     Act takes effect September 1, 2001.