TO: | Honorable Rene Oliveira, Chair, House Committee on Ways & Means |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB1127 by Heflin (Relating to the authority of the commissioners court of a county to enter into an ad valorem tax abatement agreement.), As Introduced |
The bill would amend the Tax Code to authorize a county commissioners court to execute a tax abatement agreement with the lessee of taxable real property or the owner of taxable tangible personal property, or both, located in a reinvestment zone designated under Chapter 312.
Under current statute, a tax abatement agreement may be executed only with the owner of taxable real property located in a reinvestment zone designated by Chapter 312, Tax Code.
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | JOB, MN, DB
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