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.