Floor Packet Page No. 508                                                   



	

Amend CSHB 3 by adding the following ARTICLE, numbered 

appropriately, to read as follows:

	ARTICLE ___.  TEXAS ECONOMIC DEVELOPMENT ACT

	SECTION __.01.  Section 313.007, Tax Code, is amended to 

read as follows:    

	Sec. 313.007.  EXPIRATION.  Subchapters B, C, and D expire 

December 31, 2011 [2007].

	SECTION __.02.  Section 313.024(a), Tax Code, is amended to 

read as follows: 

	(a)  This subchapter and Subchapters C and D apply only to 

property owned by an entity [a corporation or limited liability 

company] to which Chapter 171 [Section 171.001] applies.

	SECTION __.03.  Section 313.024(b), Tax Code, as amended by 

HB 2201, Acts of the 79th Legislature, Regular Session, 2005, is 

amended to read as follows:

	(b)  To be eligible for a limitation on appraised value under 

this subchapter, the entity [corporation or limited liability 

company] must use the property in connection with:

		(1)  manufacturing;                                                           

		(2)  research and development;                                                

		(3)  a clean coal project, as defined by Section 5.001, 

Water Code;         

		(4)  a gasification project for a coal and biomass 

mixture; or              

		(5)  renewable energy electric generation.                                    

	SECTION __.04.  Section 313.051, Tax Code, is amended by 

amending Subsections (a) and (b) and adding Subsection (a-1) to 

read as follows:

	(a)  This subchapter applies only to a school district that 

has territory in:

		(1)  a strategic investment area, as defined by Section 

171.721; [, Tax Code,] or

		(2)  [in] a county:                                   

			(A) [(1)]  that has a population of less than 

50,000;

			(B) [(2)]  that is not partially or wholly located 

in a metropolitan statistical area; and

			(C) [(3)]  in which, from 1990 to 2000, according 

to the federal decennial census, the population:

				(i) [(A)]  remained the same;                       

				(ii) [(B)]  decreased; or                           

				(iii) [(C)]  increased, but at a rate of not 

more than three percent per annum.

	(a-1)  Notwithstanding Subsection (a), if on January 1, 

2002, this subchapter applied to a school district in whose 

territory is located a federal nuclear facility, this subchapter 

continues to apply to the school district regardless of whether the 

school district ceased or ceases to be described by Subsection (a) 

after that date.

	(b)  The governing body of a school district to which this 

subchapter applies may enter into an agreement in the same manner as 

a school district to which Subchapter B applies may do so under 

Subchapter B, subject to Sections 313.052-313.054.  Except as 

otherwise provided by this subchapter, the provisions of Subchapter 

B apply to a school district to which this subchapter applies.  For 

purposes of this subchapter, a property owner is required to create 

only at least 10 new jobs on the owner's qualified property.  At 

least 80 percent of all the new jobs created must be qualifying jobs 

as defined by Section 313.021(3), except that, for a school 

district described by Subsection (a)(2) of this section, each 

qualifying job must pay at least 110 percent of the average weekly 

wage for manufacturing jobs in the region designated for the 

regional planning commission, council of governments, or similar 

regional planning agency created under Chapter 391, Local 

Government Code, in which the district is located.

	SECTION __.05.  Section 313.051(b), Tax Code, as amended by 

this Act, applies only to a limitation on the appraised value for 

school district maintenance and operations ad valorem tax purposes 

for which the owner files an application on or after the effective 

date of this Act.  A limitation on the appraised value for school 

district maintenance and operations ad valorem tax purposes for 

which the owner files an application before the effective date of 

this Act is governed by the law as it existed immediately before the 

effective date of this Act, and that law is continued in effect for 

that purpose.