1-1 By: Van de Putte S.B. No. 1710
1-2 (In the Senate - Filed March 9, 2001; March 14, 2001, read
1-3 first time and referred to Committee on Intergovernmental
1-4 Relations; April 19, 2001, reported adversely, with favorable
1-5 Committee Substitute by the following vote: Yeas 7, Nays 0;
1-6 April 19, 2001, sent to printer.)
1-7 COMMITTEE SUBSTITUTE FOR S.B. No. 1710 By: Lindsay
1-8 A BILL TO BE ENTITLED
1-9 AN ACT
1-10 relating to requirements regarding and terms of local tax abatement
1-11 agreements.
1-12 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-13 SECTION 1. Subsection (a), Section 312.206, Tax Code, is
1-14 amended to read as follows:
1-15 (a) If property taxes on property located in the taxing
1-16 jurisdiction of a municipality are abated under an agreement made
1-17 under Section 312.204 or 312.211, the governing body of each other
1-18 taxing unit eligible to enter into tax abatement agreements under
1-19 Section 312.002 in which the property is located may execute a
1-20 written tax abatement agreement with the owner of the property [not
1-21 later than the 90th day after the date the municipal agreement is
1-22 executed]. The agreement is not required to contain terms
1-23 identical to those contained in the agreement with the
1-24 municipality. The execution, duration, and other terms of an
1-25 agreement made under this section are governed by the provisions of
1-26 Sections 312.204, 312.205, and 312.211 applicable to a
1-27 municipality. [Section 312.205 applies to an agreement made by a
1-28 taxing unit under this section in the same manner as it applies to
1-29 an agreement made by a municipality under Section 312.204 or
1-30 312.211.] If the governing body of the taxing unit by official
1-31 action at any time before the execution of the municipal agreement
1-32 expresses an intent to be bound by the terms of the municipal
1-33 agreement if the municipality enters into an agreement under
1-34 Section 312.204 or 312.211 with the owner relating to the property,
1-35 the terms of the municipal agreement regarding the share of the
1-36 property to be exempt in each year of the municipal agreement apply
1-37 to the taxation of the property by the taxing unit.
1-38 SECTION 2. This Act takes effect September 1, 2001.
1-39 * * * * *