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Amend CSHB 3430 by adding the following appropriately
numbered SECTION to the bill and renumbering the subsequent
SECTIONS of the bill as appropriate:
SECTION ____. Subchapter A, Chapter 313, Tax Code, is
amended by adding Section 313.008 to read as follows:
Sec. 313.008. REPORT ON COMPLIANCE WITH AGREEMENTS. Before
the beginning of each regular session of the legislature, the
comptroller shall submit to the lieutenant governor, the speaker of
the house of representatives, and each member of the legislature, a
report on each agreement entered into under this chapter. The
report must state for each agreement:
(1) the number of qualifying jobs each recipient of a
limitation on appraised value committed to create;
(2) the number of qualifying jobs each recipient
created;
(3) the median wage of the new jobs each recipient
created;
(4) the amount of the qualified investment each
recipient committed to expend or allocate per project;
(5) the amount of the qualified investment each
recipient expended or allocated per project;
(6) the market value of the qualified property of each
recipient;
(7) the limitation on appraised value for the
qualified property of each recipient;
(8) the dollar amount of the ad valorem taxes that
would have been imposed on the market value of the qualified
property;
(9) the dollar amount of the ad valorem taxes imposed
on the qualified property;
(10) the number of new jobs created by each recipient
in each sector of the North American Industry Classification System
(NAICS); and
(11) of the number of new jobs each recipient created,
the number of positions created that provide health benefits for
employees.
(b) The report may not include information that is made
confidential by law.
(c) The comptroller may require a recipient to submit, on a
form provided by the comptroller, information required to complete
the report.