BILL ANALYSIS |
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C.S.H.B. 2111 |
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By: Pacheco |
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Ways & Means |
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Committee Report (Substituted) |
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BACKGROUND AND PURPOSE
Concerns have been raised regarding the approaching expiration of a certain tax increment reinvestment zone that was created the same year as legislative efforts to revise the school funding formula, which accounted for the zone provided the term of the zone did not extend beyond the original finance plan. However, there have been calls to provide an exception to this requirement given unanticipated financial difficulties and delays encountered by developers associated with the zone. C.S.H.B. 2111 seeks to account for the continuation of the zone by providing such an exception.
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CRIMINAL JUSTICE IMPACT
It is the committee's opinion that this bill does not expressly create a criminal offense, increase the punishment for an existing criminal offense or category of offenses, or change the eligibility of a person for community supervision, parole, or mandatory supervision.
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RULEMAKING AUTHORITY
It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.
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ANALYSIS
C.S.H.B. 2111 amends the Government Code to create an exception to the limitation on the number of years for which the total dollar amount of any captured appraised value of certain property within a tax increment reinvestment zone may be deducted for the purposes of determining school district property values by providing for an extension of the actual duration of the zone on adoption of a municipal ordinance designating a termination date that is later than the date designated in the ordinance creating the zone. The bill applies only to a reinvestment zone created by a municipality that has a population of 1.1 million or more and is predominantly located in a county that has a population of 1.8 million or less.
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EFFECTIVE DATE
September 1, 2019.
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COMPARISON OF ORIGINAL AND SUBSTITUTE
While C.S.H.B. 2111 may differ from the original in minor or nonsubstantive ways, the following summarizes the substantial differences between the introduced and committee substitute versions of the bill.
The substitute includes a provision relating to the applicability of its provisions and to the limit on the number of years for which the total dollar amount of captured appraised value of property within the boundaries of a reinvestment zone may be deducted for the purposes of determining school district property values.
The substitute changes the bill's effective date.
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