|
|
|
|
AN ACT
|
|
relating to homestead preservation districts and reinvestment |
|
zones. |
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
SECTION 1. Section 373A.051(a), Local Government Code, is |
|
amended to read as follows: |
|
(a) To promote and expand the ownership and rental of |
|
affordable housing and to prevent the involuntary loss of |
|
homesteads by existing homeowners and renters living in the area, |
|
the governing body of a municipality by ordinance may designate as a |
|
homestead preservation district an area in the municipality that is |
|
eligible under Section 373A.052. |
|
SECTION 2. Section 373A.052(a), Local Government Code, is |
|
amended to read as follows: |
|
(a) To be designated as a district within a municipality |
|
described by Section 373A.003(a) under this subchapter, an area |
|
must be composed of census tracts forming a spatially compact area |
|
[contiguous to a central business district and] with: |
|
(1) fewer than 75,000 [25,000] residents; |
|
(2) [fewer than 8,000 households;
|
|
[(3)
a number of owner-occupied households that does
|
|
not exceed 50 percent of the total households in the area;
|
|
[(4)
housing stock at least 55 percent of which was
|
|
built at least 45 years ago;
|
|
[(5)
an unemployment rate that is greater than 10
|
|
percent;
|
|
[(6)] an overall poverty rate that is at least two |
|
times the poverty rate for the entire municipality; and |
|
(3) [(7)] in each census tract within the area, a |
|
median family income that is less than 80 [60] percent of the median |
|
family income for the entire municipality. |
|
SECTION 3. Section 373A.152, Local Government Code, is |
|
amended by adding Subsection (b) to read as follows: |
|
(b) A county may participate in a homestead preservation |
|
reinvestment zone established by a municipality under Subsection |
|
(a) by adopting a final order: |
|
(1) agreeing to the creation of the zone, the zone |
|
boundaries, and the zone termination date specified by the |
|
municipality under Section 373A.1521(1); and |
|
(2) specifying an amount of tax increment to be |
|
deposited by the county into the tax increment fund that is equal to |
|
the amount of the tax increment specified by the municipality under |
|
Section 373A.1521(3). |
|
SECTION 4. Section 373A.1522, Local Government Code, is |
|
amended to read as follows: |
|
Sec. 373A.1522. EFFECTIVE DATE OF ZONE. The zone |
|
designated by the ordinance adopted under Section 373A.1521 takes |
|
effect on the date designated by the municipality in the ordinance |
|
adopted under Section 373A.1521 [on which the county adopts a final
|
|
order:
|
|
[(1)
agreeing to the creation of the zone, the zone
|
|
boundaries, and the zone termination date specified by the
|
|
municipality under Section 373A.1521(1); and
|
|
[(2)
specifying an amount of tax increment to be
|
|
deposited by the county into the tax increment fund that is equal to
|
|
the amount of the tax increment specified by the municipality under
|
|
Section 373A.1521(3)]. |
|
SECTION 5. Section 373A.155(b), Local Government Code, is |
|
amended to read as follows: |
|
(b) If a county elects to participate in a homestead |
|
preservation reinvestment zone, the [The] county shall pay into the |
|
tax increment fund for the zone an amount equal to the tax increment |
|
paid by the municipality as specified in the order adopted under |
|
Section 373A.152 [373A.1522]. |
|
SECTION 6. Section 373A.158(a), Local Government Code, is |
|
amended to read as follows: |
|
(a) If a county elects to participate in a homestead |
|
preservation reinvestment zone, the [The] county is the only taxing |
|
unit entitled to receive the annual report prepared under Section |
|
311.016(a), Tax Code. |
|
SECTION 7. This Act takes effect September 1, 2013. |
|
|
|
______________________________ |
______________________________ |
|
President of the Senate |
Speaker of the House |
|
|
|
I certify that H.B. No. 3350 was passed by the House on May |
|
10, 2013, by the following vote: Yeas 104, Nays 39, 2 present, not |
|
voting. |
|
|
|
______________________________ |
|
Chief Clerk of the House |
|
|
|
I certify that H.B. No. 3350 was passed by the Senate on May |
|
22, 2013, by the following vote: Yeas 21, Nays 10. |
|
|
|
______________________________ |
|
Secretary of the Senate |
|
APPROVED: _____________________ |
|
Date |
|
|
|
_____________________ |
|
Governor |