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A BILL TO BE ENTITLED
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AN ACT
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relating to the Texas Economic Development Act. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 313.007, Tax Code, is amended to read as |
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follows: |
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Sec. 313.007. EXPIRATION. Subchapter B expires |
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[Subchapters B, C, and D expire] December 31, 2014. |
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SECTION 2. Section 313.009(a), Tax Code, is amended to read |
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as follows: |
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(a) Before the beginning of each regular session of the |
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legislature, the comptroller shall submit to the lieutenant |
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governor, the speaker of the house of representatives, and each |
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member of the legislature a report assessing the progress of each |
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agreement entered into under this chapter. The report must be |
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based on data certified to the comptroller by each recipient of a |
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limitation on appraised value under this chapter and state for each |
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agreement: |
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(1) the number of qualifying jobs each recipient of a |
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limitation on appraised value committed to create; |
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(2) the number of qualifying jobs each recipient |
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created; |
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(3) the median wage of the new jobs each recipient |
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created; |
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(4) the amount of the qualified investment each |
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recipient committed to expend or allocate per project; |
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(5) the amount of the qualified investment each |
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recipient expended or allocated per project; |
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(6) the market value of the qualified property of each |
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recipient as determined by the applicable chief appraiser; |
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(7) the limitation on appraised value for the |
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qualified property of each recipient; |
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(8) the dollar amount of the taxes that would have been |
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imposed on the market value of the qualified property if the |
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property had not received a limitation on appraised value; |
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(9) the dollar amount of the taxes imposed on the |
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qualified property; |
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(10) the number of new jobs created by each recipient |
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in each sector of the North American Industry Classification |
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System; [and] |
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(11) of the number of new jobs each recipient created, |
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the number of jobs created that provide health benefits for |
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employees; |
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(12) an estimate of the tax benefit to be provided to |
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each recipient under the agreement; and |
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(13) the estimated total amount of any payments to be |
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made by each recipient to the applicable school district under the |
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agreement, including any payments to be made by the recipient to a |
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foundation or other entity in consideration of the approval of the |
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agreement by the district. |
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SECTION 3. Section 313.021(3), Tax Code, is amended to read |
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as follows: |
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(3) "Qualifying job" means a permanent full-time job |
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that: |
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(A) requires at least 1,600 hours of work a year; |
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(B) is not transferred from one area in this |
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state to another area in this state; |
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(C) is not created to replace a previous |
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employee; |
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(D) is covered by a group health benefit plan for |
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which the business offers to pay at least 80 percent of the premiums |
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or other charges assessed for employee-only coverage under the |
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plan, regardless of whether an employee may voluntarily waive the |
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coverage; [and] |
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(E) pays at least 110 percent of: |
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(i) the county average weekly wage for |
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manufacturing jobs in the county where the job is located; or |
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(ii) the county average weekly wage for all |
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jobs in the county where the job is located, if the property owner |
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creates more than 1,000 jobs in that county; |
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(F) is based at the qualified property; |
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(G) is in direct support of an activity described |
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by Section 313.024(b); and |
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(H) is subject to a significant degree of control |
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by the applicant with regard to: |
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(i) the creation of the job; |
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(ii) the job description; and |
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(iii) the job characteristics or the |
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performance of the job by means of a business, contractual, or |
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vendor relationship. |
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SECTION 4. Section 313.022, Tax Code, is amended to read as |
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follows: |
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Sec. 313.022. APPLICABILITY; CATEGORIZATION OF SCHOOL |
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DISTRICTS. (a) This subchapter applies to each school district in |
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this state [other than a school district to which Subchapter C
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applies]. |
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(b) For purposes of determining the required minimum amount |
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of a qualified investment under Section 313.021(2)(A)(iv)(a), and |
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the base [minimum] amount of a limitation on appraised value under |
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Section 313.027(b), school districts [to which this subchapter
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applies] are categorized according to the taxable value of property |
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in the district for the preceding tax year determined under |
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Subchapter M, Chapter 403, Government Code, as follows: |
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CATEGORY |
TAXABLE VALUE OF PROPERTY |
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II |
$1 billion or more but less than $10 billion |
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III |
$500 million or more but less than $1 billion |
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IV |
$100 million or more but less than $500 million |
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SECTION 5. Sections 313.024(a) and (b), Tax Code, are |
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amended to read as follows: |
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(a) This subchapter applies [and Subchapters C and D apply] |
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only to property owned by an entity to which Chapter 171 applies. |
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(b) To be eligible for a limitation on appraised value under |
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this subchapter, the entity must use the property for the purpose of |
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[in connection with]: |
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(1) manufacturing; |
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(2) research and development; |
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(3) a clean coal project, as defined by Section 5.001, |
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Water Code; |
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(4) an advanced clean energy project, as defined by |
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Section 382.003, Health and Safety Code; |
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(5) renewable energy electric generation; |
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(6) electric power generation using integrated |
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gasification combined cycle technology; |
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(7) nuclear electric power generation; or |
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(8) a computer center primarily used in [connection
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with] one or more activities described by Subdivisions (1) through |
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(7) conducted by the entity. |
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SECTION 6. Sections 313.025(a-1), (b), (b-1), (c), (d), |
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(f), and (f-1), Tax Code, are amended to read as follows: |
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(a-1) If the governing body of the school district elects to |
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consider the application [Within seven days of the receipt of each
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document], the [school] district shall submit to the comptroller a |
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copy of the application as provided by Subsection (b) [and the
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agreement between the applicant and the school district]. If an |
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economic analysis of the proposed project is submitted to the |
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school district, the district shall submit a copy of the analysis to |
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the comptroller. In addition, the school district shall submit to |
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the comptroller any subsequent revision of or amendment to any of |
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those documents within seven days of its receipt. The comptroller |
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shall publish each document received from the school district under |
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this subsection on the comptroller's Internet website. If the |
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school district maintains a generally accessible Internet website, |
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the district shall provide on its website a link to the location of |
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those documents posted on the comptroller's website in compliance |
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with this subsection. This subsection does not require the |
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comptroller to post information that is confidential under Section |
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313.028. |
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(b) The governing body of a school district is not required |
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to consider an application for a limitation on appraised value that |
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is filed with the governing body under Subsection (a). If the |
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governing body of the school district does elect to consider an |
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application, the governing body shall deliver a copy [three copies] |
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of the application to the comptroller and request that the |
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comptroller provide an economic impact evaluation of the |
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application to the school district. Except as provided by |
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Subsection (b-1), the comptroller shall conduct or contract with a |
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third person to conduct the evaluation, which shall be completed |
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and provided to the governing body of the school district as soon as |
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practicable. The governing body shall provide to the comptroller or |
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third person any requested information. A methodology to allow |
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comparisons of economic impact for different schedules of the |
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addition of qualified investment or qualified property may be |
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developed as part of the economic impact evaluation. The governing |
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body shall provide a copy of the evaluation to the applicant on |
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request. The comptroller may charge and collect a fee sufficient to |
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cover the costs of providing the economic impact evaluation. The |
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governing body of a school district shall approve or disapprove an |
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application not later than the 60th day after the date the governing |
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body receives a recommendation from the comptroller as to whether |
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the application should be approved or disapproved, unless the |
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comptroller has agreed to an extension [before the 151st day after
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the date the application is filed, unless the economic impact
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evaluation has not been received or an extension is agreed to by the
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governing body and the applicant]. |
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(b-1) The comptroller shall [indicate on one copy of the
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application the date the comptroller received the application and] |
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deliver a [that] copy of an application received by the comptroller |
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to the Texas Education Agency. The Texas Education Agency shall |
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determine the effect that the applicant's proposal will have on the |
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number or size of the school district's instructional facilities |
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and the projected effect on the Foundation School Program of |
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payments to the district for each year of the agreement [, as
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required to be included in the economic impact evaluation by
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Section 313.026(a)(9), and submit a written report containing the
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agency's determination to the comptroller]. The governing body of |
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the school district shall provide any requested information to the |
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Texas Education Agency. Not later than the 45th day after the date |
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the Texas Education Agency receives the information necessary to |
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make the determinations required by this subsection [application
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indicates that the comptroller received the application], the |
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agency [Texas Education Agency] shall make the required |
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determinations [determination] and submit a [the agency's] written |
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report containing the agency's determinations to the comptroller. A |
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third person contracted by the comptroller to conduct an economic |
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impact evaluation of an application is not required to make a |
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determination that the Texas Education Agency is required to make |
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and report to the comptroller under this subsection. |
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(c) In determining whether to grant an application, the |
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governing body of the school district is entitled to request and |
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receive assistance from: |
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(1) the comptroller; |
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(2) the Texas [Department of] Economic Development and |
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Tourism Office; |
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(3) the Texas Workforce Investment Council; and |
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(4) the Texas Workforce Commission. |
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(d) Before the later of the 91st day after the date the |
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comptroller receives the copy of the application or the 46th day |
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after the date the Texas Education Agency submits to the |
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comptroller the report required by Subsection (b-1), the |
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comptroller shall submit a recommendation to the governing body of |
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the school district as to whether the application should be |
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approved or disapproved. |
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(f) The governing body may approve an application only if: |
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(1) the comptroller submits a recommendation to the |
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governing body that the application be approved; and |
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(2) the governing body finds that the information in |
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the application is true and correct, finds that the applicant is |
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eligible for the limitation on the appraised value of the person's |
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qualified property, and determines that granting the application is |
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in the best interest of the school district and this state. |
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(f-1) Notwithstanding any other provision of this chapter |
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to the contrary, including Section 313.003(2) or 313.004(3)(A) or |
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(B)(iii), the governing body of a school district may waive the new |
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jobs creation requirement in Section 313.021(2)(A)(iv)(b) [or
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313.051(b)] and approve an application if the governing body makes |
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a finding that the jobs creation requirement exceeds the industry |
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standard for the number of employees reasonably necessary for the |
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operation of the facility of the property owner that is described in |
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the application. |
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SECTION 7. Section 313.026, Tax Code, is amended to read as |
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follows: |
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Sec. 313.026. ECONOMIC IMPACT EVALUATION. (a) The economic |
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impact evaluation of the application must include the following: |
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(1) the recommendations of the comptroller; |
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(2) the name of the school district; |
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(3) the name of the applicant; |
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(4) the general nature of the applicant's investment; |
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(5) the relationship between the applicant's industry |
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and the types of qualifying jobs to be created by the applicant to |
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the long-term economic growth [plans] of this state [as described
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in the strategic plan for economic development submitted by the
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Texas Strategic Economic Development Planning Commission under
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Section 481.033, Government Code, as that section existed before
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February 1, 1999]; |
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(6) an evaluation of the relative level of the |
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applicant's investment per qualifying job to be created by the |
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applicant; |
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(7) an evaluation of the number of qualifying jobs to |
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be created by the applicant in comparison with the average number of |
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jobs created in the applicant's industry for a similar type of |
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project at a similar level of investment; |
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(8) an evaluation of the wages, salaries, and benefits |
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to be offered by the applicant to qualifying job holders; |
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(9) an evaluation of the ability of the applicant to |
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locate or relocate in another state or another region of this state; |
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(10) an evaluation of [the impact the project will
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have on this state and individual local units of government,
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including:
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[(A)
tax and other revenue gains, direct or
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indirect, that would be realized during the qualifying time period,
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the limitation period, and a period of time after the limitation
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period considered appropriate by the comptroller; and
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[(B)
economic effects of the project, including
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the impact on jobs and income, during the qualifying time period,
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the limitation period, and a period of time after the limitation
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period considered appropriate by the comptroller;
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[(11)] the economic condition of the region of the |
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state at the time the person's application is being considered and |
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the impact of the project on the region; |
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(11) [(12)
the number of new facilities built or
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expanded in the region during the two years preceding the date of
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the application that were eligible to apply for a limitation on
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appraised value under this subchapter;
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[(13)
the effect of the applicant's proposal, if
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approved, on the number or size of the school district's
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instructional facilities, as defined by Section 46.001, Education
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Code;
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[(14)] the projected market value of the qualified |
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property as certified by [of] the applicant to [as determined by] |
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the comptroller; |
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(12) [(15)] the proposed limitation on appraised |
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value for the qualified property of the applicant; |
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(13) [(16)] the projected dollar amount of the taxes |
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that would be imposed on the qualified property, for each year of |
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the agreement, if the property does not receive a limitation on |
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appraised value with assumptions of the projected appreciation or |
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depreciation of the investment and projected tax rates clearly |
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stated; |
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(14) [(17)] the projected dollar amount of the taxes |
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that would be imposed on the qualified property, for each tax year |
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of the agreement, if the property receives a limitation on |
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appraised value with assumptions of the projected appreciation or |
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depreciation of the investment clearly stated; and |
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(15) [(18)] the projected effect on the Foundation |
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School Program of payments to the district for each year of the |
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agreement[;
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[(19)
the projected future tax credits if the
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applicant also applies for school tax credits under Section
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313.103; and
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[(20)
the total amount of taxes projected to be lost or
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gained by the district over the life of the agreement computed by
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subtracting the projected taxes stated in Subdivision (17) from the
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projected taxes stated in Subdivision (16)]. |
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(b) The comptroller's recommendations shall be based on the |
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criteria listed in Subsections (a)(5)-(15) [(a)(5)-(20)] and on any |
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other information available to the comptroller, including |
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information provided by the governing body of the school district |
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under Section 313.025(b). |
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SECTION 8. Section 313.0265(b), Tax Code, is amended to |
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read as follows: |
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(b) The comptroller shall designate the following as |
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substantive: |
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(1) each application requesting a limitation on |
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appraised value; and |
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(2) the economic impact evaluation made in connection |
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with the application[; and
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[(3)
each application requesting school tax credits
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under Section 313.103]. |
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SECTION 9. Section 313.027, Tax Code, is amended by |
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amending Subsections (a), (b), (c), (h), and (i) and adding |
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Subsection (j) to read as follows: |
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(a) If the person's application is approved by the governing |
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body of the school district, for each of the first eight tax years |
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that begin after the applicable qualifying time period, the |
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appraised value for school district maintenance and operations ad |
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valorem tax purposes of the person's qualified property as |
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described in the agreement between the person and the district |
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entered into under this section in the school district may not |
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exceed the lesser of: |
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(1) the market value of the property; or |
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(2) subject to Subsections [Subsection] (b) and (c), |
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the amount agreed to by the governing body of the school district. |
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(b) The amount agreed to by the governing body of a school |
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district under Subsection (a)(2) must be based on an amount in |
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accordance with the following, according to the category |
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established by Section 313.022 to which the school district |
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belongs: |
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CATEGORY |
BASE [MINIMUM] AMOUNT OF LIMITATION |
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(c) The amount of the appraised value of the property |
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established in an agreement may not be less than: |
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(1) for property used for a purpose described by |
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Section 313.024(b)(1), (2), (3), (4), (6), (7), or (8), the sum of: |
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(A) the applicable amount listed in Subsection |
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(b); and |
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(B) the product of 0.2 and the difference between |
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the market value of the property as annually determined by the chief |
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appraiser and the applicable amount listed in Subsection (b); and |
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(2) for property used for a purpose described by |
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Section 313.024(b)(5), the sum of: |
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(A) the applicable amount listed in Subsection |
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(b); and |
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(B) the product of 0.5 and the difference between |
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the market value of the property as annually determined by the chief |
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appraiser and the applicable amount listed in Subsection (b). [The
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limitation amounts listed in Subsection (b) are minimum amounts. A
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school district, regardless of category, may agree to a greater
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amount than those amounts.] |
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(h) At any time before the applicant spends an amount that |
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is considered to be a qualified investment, the governing body of |
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the school district and the applicant may amend the agreement to |
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defer the date on which the qualifying time period for the project |
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is to commence. The commencement of the qualifying time period may |
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not be deferred to a date later than the second anniversary of the |
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date the qualifying time period was originally scheduled to end. |
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[The agreement between the governing body of the school district
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and the applicant may provide for a deferral of the date on which
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the qualifying time period for the project is to commence or,
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subsequent to the date the agreement is entered into, be amended to
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provide for such a deferral.] This subsection may not be construed |
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to permit a qualifying time period that has commenced to continue |
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for more than the number of years applicable to the project under |
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Section 313.021(4). Any amount the applicant spends before the |
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date the qualifying time period commences may not be considered to |
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be a qualified investment. |
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(i) A person and the school district may not enter into an |
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agreement if in conjunction with the agreement any payments or |
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other benefits are to be provided by or on behalf of the person in |
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recognition or anticipation of, or in consideration for, the |
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district entering into the agreement, other than payments or |
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benefits authorized under Subsection (f)(1) or (2) [under which the
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person agrees to provide supplemental payments to a school district
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in an amount that exceeds an amount equal to $100 per student per
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year in average daily attendance, as defined by Section 42.005,
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Education Code, or for a period that exceeds the period beginning
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with the period described by Section 313.021(4) and ending with the
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period described by Section 313.104(2)(B) of this code.
This limit
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does not apply to amounts described by Subsection (f)(1) or (2) of
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this section]. |
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(j) A school district may not enter into an agreement or an |
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amendment to an agreement under this section without the prior |
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approval of the comptroller. |
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SECTION 10. Section 313.031(a), Tax Code, is amended to |
|
read as follows: |
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(a) The comptroller shall: |
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(1) adopt rules and forms necessary for the |
|
implementation and administration of this chapter, including rules |
|
for determining whether a property owner's property qualifies as a |
|
qualified investment under Section 313.021(1); and |
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(2) provide without charge one copy of the rules and |
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forms to any school district and to any person who states that the |
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person intends to apply for a limitation on appraised value under |
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this subchapter [or a tax credit under Subchapter D]. |
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SECTION 11. Subchapter E, Chapter 313, Tax Code, is amended |
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to read as follows: |
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SUBCHAPTER E. AVAILABILITY OF TAX CREDIT AFTER PROGRAM EXPIRES OR |
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IS REPEALED |
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Sec. 313.171. SAVING PROVISIONS. (a) A limitation on |
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appraised value approved under Subchapter B or C before the |
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expiration of Subchapter B or the repeal of Subchapter C, |
|
respectively, [that subchapter] continues in effect according to |
|
that subchapter as that subchapter existed immediately before its |
|
expiration or repeal, and that law is continued in effect for |
|
purposes of the limitation on appraised value. |
|
(b) The repeal [expiration] of Subchapter D does not affect |
|
a property owner's entitlement to a tax credit granted under |
|
Subchapter D if the property owner qualified for the tax credit |
|
before the repeal [expiration] of Subchapter D. |
|
SECTION 12. Section 42.2515, Education Code, is amended by |
|
amending Subsection (a) and adding Subsection (a-1) to read as |
|
follows: |
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(a) For each school year, a school district, including a |
|
school district that is otherwise ineligible for state aid under |
|
this chapter, is entitled to state aid in an amount equal to the |
|
amount of all tax credits credited against ad valorem taxes of the |
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district in that year under former Subchapter D, Chapter 313, Tax |
|
Code. |
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(a-1) Not later than December 1 of each year, the |
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commissioner of education shall submit to the comptroller an |
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estimate of the total amount of additional state aid to which a |
|
school district is entitled under this section for the school year |
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beginning in that year. |
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SECTION 13. Section 42.302(e), Education Code, is amended |
|
to read as follows: |
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(e) For purposes of this section, school district taxes for |
|
which credit is granted under former Subchapter D, Chapter 313, Tax |
|
Code, are considered taxes collected by the school district as if |
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the taxes were paid when the credit for the taxes was granted. |
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SECTION 14. Section 403.302(d), Government Code, as amended |
|
by Chapters 1186 (H.B. 3676) and 1328 (H.B. 3646), Acts of the 81st |
|
Legislature, Regular Session, 2009, is reenacted and amended to |
|
read as follows: |
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(d) For the purposes of this section, "taxable value" means |
|
the market value of all taxable property less: |
|
(1) the total dollar amount of any residence homestead |
|
exemptions lawfully granted under Section 11.13(b) or (c), Tax |
|
Code, in the year that is the subject of the study for each school |
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district; |
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(2) one-half of the total dollar amount of any |
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residence homestead exemptions granted under Section 11.13(n), Tax |
|
Code, in the year that is the subject of the study for each school |
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district; |
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(3) the total dollar amount of any exemptions granted |
|
before May 31, 1993, within a reinvestment zone under agreements |
|
authorized by Chapter 312, Tax Code; |
|
(4) subject to Subsection (e), the total dollar amount |
|
of any captured appraised value of property that: |
|
(A) is within a reinvestment zone created on or |
|
before May 31, 1999, or is proposed to be included within the |
|
boundaries of a reinvestment zone as the boundaries of the zone and |
|
the proposed portion of tax increment paid into the tax increment |
|
fund by a school district are described in a written notification |
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provided by the municipality or the board of directors of the zone |
|
to the governing bodies of the other taxing units in the manner |
|
provided by Section 311.003(e), Tax Code, before May 31, 1999, and |
|
within the boundaries of the zone as those boundaries existed on |
|
September 1, 1999, including subsequent improvements to the |
|
property regardless of when made; |
|
(B) generates taxes paid into a tax increment |
|
fund created under Chapter 311, Tax Code, under a reinvestment zone |
|
financing plan approved under Section 311.011(d), Tax Code, on or |
|
before September 1, 1999; and |
|
(C) is eligible for tax increment financing under |
|
Chapter 311, Tax Code; |
|
(5) the total dollar amount of any captured appraised |
|
value of property that: |
|
(A) is within a reinvestment zone: |
|
(i) created on or before December 31, 2008, |
|
by a municipality with a population of less than 18,000; and |
|
(ii) the project plan for which includes |
|
the alteration, remodeling, repair, or reconstruction of a |
|
structure that is included on the National Register of Historic |
|
Places and requires that a portion of the tax increment of the zone |
|
be used for the improvement or construction of related facilities |
|
or for affordable housing; |
|
(B) generates school district taxes that are paid |
|
into a tax increment fund created under Chapter 311, Tax Code; and |
|
(C) is eligible for tax increment financing under |
|
Chapter 311, Tax Code; |
|
(6) the total dollar amount of any exemptions granted |
|
under Section 11.251 or 11.253, Tax Code; |
|
(7) the difference between the comptroller's estimate |
|
of the market value and the productivity value of land that |
|
qualifies for appraisal on the basis of its productive capacity, |
|
except that the productivity value estimated by the comptroller may |
|
not exceed the fair market value of the land; |
|
(8) the portion of the appraised value of residence |
|
homesteads of individuals who receive a tax limitation under |
|
Section 11.26, Tax Code, on which school district taxes are not |
|
imposed in the year that is the subject of the study, calculated as |
|
if the residence homesteads were appraised at the full value |
|
required by law; |
|
(9) a portion of the market value of property not |
|
[otherwise fully] taxable by the district for maintenance and |
|
operations tax purposes as the result of an agreement entered into |
|
by the district under Subchapter B or C, Chapter 313, Tax Code, |
|
before the expiration or repeal, respectively, of the subchapter, |
|
as adjusted by the comptroller using the ratio of the maintenance |
|
and operations tax rate to the total tax rate adopted by the |
|
district [at market value because of:
|
|
[(A)
action required by statute or the
|
|
constitution of this state that, if the tax rate adopted by the
|
|
district is applied to it, produces an amount equal to the
|
|
difference between the tax that the district would have imposed on
|
|
the property if the property were fully taxable at market value and
|
|
the tax that the district is actually authorized to impose on the
|
|
property, if this subsection does not otherwise require that
|
|
portion to be deducted; or
|
|
[(B)
action taken by the district under
|
|
Subchapter B or C, Chapter 313, Tax Code, before the expiration of
|
|
the subchapter]; |
|
(10) the market value of all tangible personal |
|
property, other than manufactured homes, owned by a family or |
|
individual and not held or used for the production of income; |
|
(11) the appraised value of property the collection of |
|
delinquent taxes on which is deferred under Section 33.06, Tax |
|
Code; |
|
(12) the portion of the appraised value of property |
|
the collection of delinquent taxes on which is deferred under |
|
Section 33.065, Tax Code; [and] |
|
(13) the amount by which the market value of a |
|
residence homestead to which Section 23.23, Tax Code, applies |
|
exceeds the appraised value of that property as calculated under |
|
that section; and |
|
(14) the total dollar amount of any exemptions granted |
|
by the district because of action required by statute or the |
|
constitution of this state and not included as a deduction |
|
elsewhere in this subsection. |
|
SECTION 15. Section 403.302(m), Government Code, as added |
|
by Chapter 1186 (H.B. 3676), Acts of the 81st Legislature, Regular |
|
Session, 2009, is amended to conform to Section 80, Chapter 1328 |
|
(H.B. 3646), Acts of the 81st Legislature, Regular Session, 2009, |
|
to read as follows: |
|
(m) Subsection (d)(9) [(d)(10)] does not apply to property |
|
that was the subject of an application under Subchapter B or C, |
|
Chapter 313, Tax Code, made after May 1, 2009, that the comptroller |
|
recommended should be disapproved. |
|
SECTION 16. Section 403.302, Government Code, is amended by |
|
adding Subsection (p) to read as follows: |
|
(p) Notwithstanding Subsection (d)(9), if the estimated |
|
statewide levy loss exceeds $___ million in any year, the |
|
comptroller shall reduce the amount of the deduction under |
|
Subsection (d)(9) from the market value of the taxable property in |
|
each school district for that year based on the proportion that the |
|
amount of the deduction under that subsection for each school |
|
district bears to the estimated statewide levy loss so that the |
|
estimated statewide levy loss does not exceed $___ in that year. |
|
For purposes of this subsection, "estimated statewide levy loss" |
|
means the amount computed by: |
|
(1) multiplying the amount deducted under Subsection |
|
(d)(9) for each school district in this state for that year by the |
|
quotient of the adopted tax rate of the district for that year |
|
divided by 100; |
|
(2) adding the amounts computed under Subdivision (1) |
|
for all of the school districts in this state; and |
|
(3) adding the amounts estimated by the commissioner |
|
of education and submitted to the comptroller under Section |
|
42.2515(a-1), Education Code, for all of the school districts in |
|
this state for that year to the amount computed under Subdivision |
|
(2). |
|
SECTION 17. The following provisions of the Tax Code are |
|
repealed: |
|
(1) Sections 313.008, 313.025(d-1) and (g), and |
|
313.032; and |
|
(2) Subchapters C and D, Chapter 313. |
|
SECTION 18. To the extent of any conflict, this Act prevails |
|
over another Act of the 82nd Legislature, Regular Session, 2011, |
|
relating to nonsubstantive additions to and corrections in enacted |
|
codes. |
|
SECTION 19. Chapter 313, Tax Code, as amended by this Act, |
|
applies only to an agreement entered into under that chapter on or |
|
after the effective date of this Act. An agreement entered into |
|
under that chapter before the effective date of this Act is governed |
|
by the law in effect on the date the agreement was entered into, and |
|
the former law is continued in effect for that purpose. |
|
SECTION 20. This Act takes effect immediately if it |
|
receives a vote of two-thirds of all the members elected to each |
|
house, as provided by Section 39, Article III, Texas Constitution. |
|
If this Act does not receive the vote necessary for immediate |
|
effect, this Act takes effect September 1, 2011. |