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79R7504 SMH-D

By:  Swinford                                                     H.B. No. 2675



A BILL TO BE ENTITLED

AN ACT

relating to eligibility for the limitation on appraised value of 
property for school district maintenance and operations ad valorem 
tax purposes under the Texas Economic Development Act.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 313.051, Tax Code, is amended by adding 
Subsection (a-1) and amending Subsection (b) to read as follows:
	(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 2.  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.
	SECTION 3.  This Act takes effect September 1, 2005.