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.