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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. Subchapter B, Chapter 313, Tax Code, is amended |
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by adding Section 313.0255 to read as follows: |
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Sec. 313.0255. PROJECT LOCATED IN MULTIPLE SCHOOL |
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DISTRICTS. (a) This section applies only to a single unified |
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project that is located in more than one but not more than three |
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school districts, each of which is contiguous to another school |
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district in which the project is located and at least one of which |
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is a school district to which this subchapter applies. |
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(b) Except as otherwise provided by this section, the |
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provisions of this subchapter applicable to a project that is |
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located in only one school district apply to a project to which this |
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section applies, including the provisions governing the |
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application and approval process. This section does not affect the |
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requirement that each school district from which the applicant |
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desires a limitation on appraised value of the applicant's property |
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for school district maintenance and operations ad valorem tax |
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purposes enter into an agreement with the applicant under Section |
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313.027 in order for the applicant to receive a limitation from that |
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school district. Except as otherwise provided by this section, this |
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section does not affect the terms of an agreement between the |
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applicant and a school district under Section 313.027 as prescribed |
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by that section. |
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(c) 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 minimum amount of a limitation on appraised value under Section |
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313.027(b), a project is considered to be located in the school |
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district in which the project is located that has the highest |
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taxable value of property for the preceding tax year as determined |
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under Subchapter M, Chapter 403, Government Code. |
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(d) The minimum amount of the limitation on appraised value |
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to which a school district may agree under Section 313.027(b) is |
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equal to the amount specified by that subsection for the applicable |
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category of school district as determined in accordance with |
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Subsection (c) of this section multiplied by a fraction the |
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numerator of which is the amount of qualified investment made in the |
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school district in connection with the project and the denominator |
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of which is the total amount of qualified investment made in |
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connection with the project. |
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(e) In determining whether property on which a project is |
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located meets the requirements of Section 313.024 for eligibility |
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for a limitation on appraised value under this subchapter, the |
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comptroller shall consider whether the project as a whole would |
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meet those requirements were the project located at one site in a |
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single school district. |
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SECTION 2. Sections 313.032(c) and (d), Tax Code, are |
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amended to read as follows: |
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(c) The portion of the report described by Subsection (a)(2) |
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must be based on data certified to the comptroller by each recipient |
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or former recipient of a limitation on appraised value under this |
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chapter. The comptroller shall verify a random sample of not less |
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than 33 percent of the data certified to the comptroller using |
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information from the Texas Workforce Commission, the chief |
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appraiser of the applicable appraisal district, or other sources |
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the comptroller considers reliable. |
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(d) The comptroller may require a recipient or former |
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recipient of a limitation on appraised value under this chapter to |
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submit, on a form the comptroller provides, information required to |
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complete the report. Information submitted by a recipient or |
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former recipient of a limitation on appraised value under this |
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chapter that contains personal identifying information of an |
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individual is confidential and not subject to disclosure under |
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Chapter 552, Government Code, or Chapter 111 of this code. |
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SECTION 3. Subchapter C, Chapter 313, Tax Code, is amended |
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by adding Section 313.055 to read as follows: |
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Sec. 313.055. PROJECT LOCATED IN MULTIPLE SCHOOL DISTRICTS. |
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Section 313.0255 applies to a single unified project that is |
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located in more than one school district but not more than three |
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school districts, each of which is contiguous to another school |
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district in which the project is located and is a school district to |
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which this subchapter applies, in the same manner as that section |
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applies to a project described by Section 313.0255(a), except that |
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for purposes of Section 313.0255(c) the project is considered to be |
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located in the school district in which the project is located that |
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has the highest taxable value of industrial property for the |
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preceding tax year as determined under Subchapter M, Chapter 403, |
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Government Code. |
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SECTION 4. Sections 313.0255 and 313.055, Tax Code, as |
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added by this Act, apply only to an application filed under Chapter |
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313, Tax Code, on or after the effective date of this Act. An |
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application filed under that chapter before the effective date of |
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this Act is governed by the law in effect on the date the |
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application was filed, and the former law is continued in effect for |
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that purpose. |
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SECTION 5. This Act takes effect September 1, 2017. |