By: Jackson S.B. No. 807
Line and page numbers may not match official copy.
Bill not drafted by TLC or Senate E&E.
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the prerequisites for tax abatement by a municipality
1-3 for properties subject to 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;
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. This Act takes effect immediately if it receives
1-20 a vote of two-thirds of the members elected to each house, as
1-21 provided by Section 39, Article III, Texas Constitution. If this
1-22 Act does not receive the vote necessary for immediate effect, this
1-23 Act takes effect September 1, 2001.