BILL ANALYSIS |
H.B. 1119 |
By: Weber |
Natural Resources |
Committee Report (Unamended) |
BACKGROUND AND PURPOSE
The Brazoria County Conservation and Reclamation District Number Three has not recently received a tax rate increase and, due to property value restructuring and the closure of a large chemical plant, has sustained over $650,000 in budget revenue loss. As a result of this revenue loss, the district needs a slight cap increase to sustain its maintenance and operation needs. H.B. 1119 increases from 15 to 20 cents on each $100 of assessed valuation the maintenance tax rate cap of the district.
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RULEMAKING AUTHORITY
It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.
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ANALYSIS
H.B. 1119 amends Chapter 307, Acts of the 61st Legislature, Regular Session, 1969, to increase from 15 to 20 cents on each $100 of assessed valuation the cap on the tax rate for maintenance taxes levied and collected by the Brazoria County Conservation and Reclamation District Number Three.
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EFFECTIVE DATE
On passage, or, if the bill does not receive the necessary vote, September 1, 2011.
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