The digital content on TLO has been updated to align with the accessibility standards required by WCAG 2.1.
Amend HB 3896 on third reading (second reading engrossment)
as follows:
(1) On page 1, lines 19-20, strike "a municipality or the
commissioners court of a county, as applicable, that enters into a
tax abatement agreement" and substitute "the taxing unit granting
the abatement".
(2) On page 2, line 3, strike "Subsections (a-1) and (a-2)"
and substitute "Subsections (a-1), (a-2), and (a-3)".
(3) On page 3, between lines 13 and 14, insert:
"(a-3) The commissioners court may execute a tax abatement
agreement with a lessee of taxable real property located in a
reinvestment zone designated under this subchapter to exempt from
taxation all or a portion of the value of the fixtures,
improvements, or other real property owned by the lessee and
located on the property that is subject to the lease, all or a
portion of the value of tangible personal property owned by the
lessee and located on the real property that is the subject of the
lease, or all or a portion of the value of both the fixtures,
improvements, or other real property and the tangible personal
property described by this subsection."