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A BILL TO BE ENTITLED
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AN ACT
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relating to a periodic review by the Economic Incentive Oversight |
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Board of the ad valorem tax incentive program established by the |
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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 490G.001, Government Code, is amended by |
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amending Subdivision (2-a) and adding Subdivision (2-b) to read as |
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follows: |
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(2-a) "Office" means the Texas Economic Development |
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and Tourism Office. |
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(2-b) "Rural county" means a county with a population of |
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less than 60,000. |
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SECTION 2. Chapter 490G, Government Code, is amended by |
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adding Section 490G.0055 to read as follows: |
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Sec. 490G.0055. REVIEW OF PROGRAM ESTABLISHED BY TEXAS |
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ECONOMIC DEVELOPMENT ACT; PERFORMANCE MATRIX. (a) The board shall |
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examine the effectiveness, efficiency, and financial impact on this |
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state of the ad valorem tax incentive program established by |
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Chapter 313, Tax Code, including whether that chapter is being |
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implemented by school districts and the comptroller in such a way as |
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to: |
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(1) accomplish the purposes of that chapter as |
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expressed in Section 313.003 of that chapter; and |
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(2) comply with the intent of the legislature in |
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enacting that chapter as expressed in Section 313.004 of that |
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chapter. |
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(b) The board shall develop a performance matrix that |
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clearly establishes the economic performance indicators, measures, |
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and metrics that will guide the board's evaluation of the program. |
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(c) The comptroller shall provide to the board on request |
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information concerning the program as necessary to enable the board |
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to perform the board's duties under this chapter. |
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SECTION 3. The heading to Section 490G.006, Government |
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Code, is amended to read as follows: |
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Sec. 490G.006. SCHEDULE OF REVIEW OF STATE INCENTIVE |
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PROGRAMS; RECOMMENDATION TO LEGISLATIVE AUDIT COMMITTEE. |
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SECTION 4. Chapter 490G, Government Code, is amended by |
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adding Section 490G.0065 to read as follows: |
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Sec. 490G.0065. SCHEDULE OF REVIEW OF PROGRAM ESTABLISHED |
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BY TEXAS ECONOMIC DEVELOPMENT ACT. (a) The board shall develop a |
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schedule for the review of the ad valorem tax incentive program |
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established by Chapter 313, Tax Code, for the purpose of making |
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recommendations concerning the effectiveness and efficiency of the |
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program to the office and reporting the findings and |
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recommendations resulting from the review to the legislature as |
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required by Section 490G.007. The board shall review and make |
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findings and recommendations regarding the program according to the |
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review schedule. |
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(b) The board, on request, shall provide to the governing |
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body of a school district or the comptroller any recommendations |
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submitted to the office under Subsection (a) concerning the |
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program. |
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SECTION 5. Section 490G.007, Government Code, is amended to |
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read as follows: |
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Sec. 490G.007. BIENNIAL REPORT. Not later than January 1 |
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of each odd-numbered year, the board shall submit to the lieutenant |
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governor, the speaker of the house of representatives, and each |
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standing committee of the senate and house of representatives with |
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primary jurisdiction over economic development a report containing |
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findings and recommendations resulting from each review of state |
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incentive programs and funds and of the ad valorem tax incentive |
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program established by Chapter 313, Tax Code, conducted by the |
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board under this chapter during the preceding two calendar years. |
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SECTION 6. This Act takes effect September 1, 2017. |