Floor Packet Page No. 39
Amend CSHB 3 as follows:
(1) In Article 1 of the bill, add the following appropriately designated part and redesignate existing parts
PART ___. TEXAS ECONOMIC DEVELOPMENT ACT
SECTION 1_.01. Section 313.051, Tax Code, is amended by
adding Subsection (a-1) and amending Subsection (b) to read as
(a-1) Notwithstanding Subsection (a), if this subchapter
applied to a school district on January 1, 2002, 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 10 [
80] percent of all the new jobs created must be qualifying
jobs as defined by Section 313.021(3).
SECTION 1_.02. Section 313.051(b), Tax Code, as amended by
this part, 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
(2) On page 23, line 24, strike "or".
(3) On page 23, line 27, strike "." and substitute "; or".
(4) On page 23, below line 27, add the following:
(4) the validity of an agreement entered into by a
corporation or a limited liability company with a school district
under Chapter 313, Tax Code, that was executed before the effective
date of the repeal of Chapter 171, Tax Code, and the former law is
continued in effect for that purpose.