By: Murphy, et al. (Senate Sponsor - Huffman) H.B. No. 2826
         (In the Senate - Received from the House May 6, 2015;
  May 7, 2015, read first time and referred to Committee on Finance;
  May 20, 2015, reported favorably by the following vote:  Yeas 10,
  Nays 2; May 20, 2015, sent to printer.)
Click here to see the committee vote
 
 
 
  COMMITTEE VOTE
 
 
         YeaNayAbsentPNV
         NelsonX
         HinojosaX
         BettencourtX
         EltifeX
         HancockX
         HuffmanX
         KolkhorstX
         NicholsX
         SchwertnerX
         SeligerX
         Taylorof GalvestonX
         UrestiX
         WatsonX
         WestX
         WhitmireX
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to the eligibility of certain property located in multiple
  school districts for a limitation on appraised value for school
  district maintenance and operations ad valorem tax purposes under
  the Texas Economic Development Act.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subchapter B, Chapter 313, Tax Code, is amended
  by adding Section 313.0255 to read as follows:
         Sec. 313.0255.  PROJECT LOCATED IN MULTIPLE SCHOOL
  DISTRICTS. (a) This section applies only to a single unified
  project that is located in more than one but not more than three
  school districts, each of which is contiguous to another school
  district in which the project is located and at least one of which
  is a school district to which this subchapter applies.
         (b)  Except as otherwise provided by this section, the
  provisions of this subchapter applicable to a project that is
  located in only one school district apply to a project to which this
  section applies, including the provisions governing the
  application and approval process. This section does not affect the
  requirement that each school district from which the applicant
  desires a limitation on appraised value of the applicant's property
  for school district maintenance and operations ad valorem tax
  purposes enter into an agreement with the applicant under Section
  313.027 in order for the applicant to receive a limitation from that
  school district. Except as otherwise provided by this section, this
  section does not affect the terms of an agreement between the
  applicant and a school district under Section 313.027 as prescribed
  by that section.
         (c)  For purposes of determining the required minimum amount
  of a qualified investment under Section 313.021(2)(A)(iv)(a) and
  the minimum amount of a limitation on appraised value under Section
  313.027(b), a project is considered to be located in the school
  district in which the project is located that has the highest
  taxable value of property for the preceding tax year as determined
  under Subchapter M, Chapter 403, Government Code.
         (d)  The minimum amount of the limitation on appraised value
  to which a school district may agree under Section 313.027(b) is
  equal to the amount specified by that subsection for the applicable
  category of school district as determined in accordance with
  Subsection (c) of this section multiplied by a fraction the
  numerator of which is the amount of qualified investment made in the
  school district in connection with the project and the denominator
  of which is the total amount of qualified investment made in
  connection with the project.
         (e)  In determining whether property on which a project is
  located meets the requirements of Section 313.024 for eligibility
  for a limitation on appraised value under this subchapter, the
  comptroller shall consider whether the project as a whole would
  meet those requirements were the project located at one site in a
  single school district.
         SECTION 2.  Subchapter C, Chapter 313, Tax Code, is amended
  by adding Section 313.055 to read as follows:
         Sec. 313.055.  PROJECT LOCATED IN MULTIPLE SCHOOL DISTRICTS.
  Section 313.0255 applies to a single unified project that is
  located in more than one school district but not more than three
  school districts, each of which is contiguous to another school
  district in which the project is located and is a school district to
  which this subchapter applies, in the same manner as that section
  applies to a project described by Section 313.0255(a), except that
  for purposes of Section 313.0255(c) the project is considered to be
  located in the school district in which the project is located that
  has the highest taxable value of industrial property for the
  preceding tax year as determined under Subchapter M, Chapter 403,
  Government Code.
         SECTION 3.  This Act applies only to an application filed
  under Chapter 313, Tax Code, on or after the effective date of this
  Act. An application filed under that chapter before the effective
  date of this Act is governed by the law in effect on the date the
  application was filed, and the former law is continued in effect for
  that purpose.
         SECTION 4.  This Act takes effect September 1, 2015.
 
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