SRC-TAG S.B. 353 78(R)   BILL ANALYSIS


Senate Research Center   S.B. 353
78R3623 RCJ-FBy: Shapleigh
International Relations and Trade
3/3/2003
As Filed


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.  As
proposed, 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 to 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.