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A BILL TO BE ENTITLED
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AN ACT
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relating to the authority of the commissioners court of a county to |
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enter into an ad valorem tax abatement agreement with certain |
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property owners. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 312.402, Tax Code, is amended by adding |
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Subsection (a-1) to read as follows: |
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(a-1) This subsection applies only to tangible personal |
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property and fixtures, improvements, or other real property used |
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for renewable energy electric generation. The commissioners court |
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may execute a tax abatement agreement with a lessee of taxable real |
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property located in a reinvestment zone designated under this |
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subchapter to exempt from taxation all or a portion of the value of |
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fixtures, improvements, or other real property owned by the lessee |
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and located on the property that is the subject of the lease, all or |
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a portion of the value of tangible personal property owned by the |
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lessee and located on the real property that is the subject of the |
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lease, or all or a portion of the value of both. |
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SECTION 2. 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, 2009. |