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78R12569 SMH-F


By:  Lewis                                                        H.B. No. 1829

Substitute the following for H.B. No. 1829:                                   

By:  Laubenberg                                               C.S.H.B. No. 1829



A BILL TO BE ENTITLED

AN ACT

relating to the effect of tax increment financing by certain taxing 
units in the calculation of ad valorem tax rates for those taxing 
units.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Sections 26.03(b) and (d), Tax Code, are amended 
to read as follows:
	(b)  This section does not apply to [applies only to a taxing 
unit, other than] a school district[, that is located in a county 
with a population of less than 500,000].
	(d)  The portion of the tax increment of a taxing unit that 
the unit has agreed to pay into the tax increment fund for a 
reinvestment zone is excluded from the amount of taxes imposed or 
collected by the unit in any tax rate calculation under this 
chapter, except that the portion of the tax increment is not 
excluded if in the same tax rate calculation there is no portion of 
captured appraised value excluded from the value of property 
taxable by the unit under Subsection (c) for the same reinvestment 
zone.
	SECTION 2.  This Act takes effect January 1, 2004, and 
applies to the tax rate calculations under Chapter 26, Tax Code, for 
a taxing unit only for a tax year that begins on or after the 
effective date of this Act.