SRC-AMY S.B. 353 78(R) BILL ANALYSIS Senate Research CenterS.B. 353 By: Shapleigh International Relations and Trade 8/5/2003 Enrolled DIGEST AND PURPOSE Currently, under Chapter 311 of the Texas Tax Code, a taxing unit is not required to pay into the tax increment fund (fund) any of its tax increment derived from property located in a reinvestment zone. However, under Section 311.013(h), a city which has a population that exceeds 230,000 and borders Mexico is still required to pay into the fund. S.B. 353 repeals Section 311.013(h) of the Texas Tax Code to ensure that a city with a population exceeding 230,000 and that borders Mexico does not pay into the fund any tax increments produced from property located in a reinvestment zone. RULEMAKING AUTHORITY This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Repealer: Section 311.013(h), Tax Code (regarding the collection and deposit of tax increments). SECTION 2. Effective date: upon passage or September 1, 2003.