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AN ACT
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relating to property tax abatement agreements entered into by the |
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Dallas County Utility and Reclamation District pertaining to |
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single-family residential property and to the validation of certain |
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actions of the district. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subdivision (7), Section 4B, Chapter 628, Acts |
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of the 68th Legislature, Regular Session, 1983, is amended to read |
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as follows: |
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(7) Except as provided by Subdivision (8) of this |
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section, a tax abatement agreement shall provide that the portion |
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of the taxable value of the property subject to the agreement that |
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exceeds the taxable value of the property for the year in which |
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notice for the project to which the agreement pertains is submitted |
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is: |
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(A) subject to an effective tax rate of: |
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(i) 60 cents for each $100 of taxable value |
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of property if the property is residential real property other than |
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single-family residential property; and |
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(ii) 50 cents for each $100 of taxable value |
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of property if the property is nonresidential real property; and |
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(B) exempt from taxation or subject to an |
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effective tax rate not to exceed 60 cents for each $100 of taxable |
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value of property, as provided by the terms of the agreement as |
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voluntarily entered into by the parties, if the property is |
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single-family residential property. |
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SECTION 2. (a) All governmental and proprietary actions of |
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the Dallas County Utility and Reclamation District taken before the |
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effective date of this Act are validated, ratified, and confirmed |
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in all respects as if the actions had been taken as authorized by |
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law. |
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(b) This section does not apply to any matter that on the |
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effective date of this Act: |
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(1) is involved in litigation if the litigation |
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ultimately results in the matter being held invalid by a final court |
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judgment; or |
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(2) has been held invalid by a final court judgment. |
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SECTION 3. (a) The legal notice of the intention to |
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introduce this Act, setting forth the general substance of this |
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Act, has been published as provided by law, and the notice and a |
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copy of this Act have been furnished to all persons, agencies, |
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officials, or entities to which they are required to be furnished |
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under Section 59, Article XVI, Texas Constitution, and Chapter 313, |
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Government Code. |
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(b) The governor, one of the required recipients, has |
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submitted the notice and Act to the Texas Commission on |
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Environmental Quality. |
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(c) The Texas Commission on Environmental Quality has filed |
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its recommendations relating to this Act with the governor, the |
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lieutenant governor, and the speaker of the house of |
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representatives within the required time. |
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(d) All requirements of the constitution and laws of this |
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state and the rules and procedures of the legislature with respect |
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to the notice, introduction, and passage of this Act are fulfilled |
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and accomplished. |
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SECTION 4. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2007. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I hereby certify that S.B. No. 162 passed the Senate on |
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March 28, 2007, by the following vote: Yeas 30, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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I hereby certify that S.B. No. 162 passed the House on |
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May 23, 2007, by the following vote: Yeas 144, Nays 0, two |
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present not voting. |
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______________________________ |
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Chief Clerk of the House |
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Approved: |
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______________________________ |
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Date |
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______________________________ |
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Governor |