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.