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AN ACT
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relating to the Property Redevelopment and Tax Abatement Act. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 312.002, Tax Code, is amended by adding |
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Subsections (c-1) and (c-2) to read as follows: |
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(c-1) Before the governing body of a taxing unit may adopt, |
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amend, repeal, or reauthorize guidelines and criteria, the body |
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must hold a public hearing regarding the proposed adoption, |
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amendment, repeal, or reauthorization at which members of the |
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public are given the opportunity to be heard. |
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(c-2) A taxing unit that maintains an Internet website shall |
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post the current version of the guidelines and criteria governing |
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tax abatement agreements adopted under this section on the website. |
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SECTION 2. Section 312.005, Tax Code, is amended by adding |
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Subsection (a-1) to read as follows: |
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(a-1) For each of the first three tax years following the |
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expiration of a tax abatement agreement executed under this |
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chapter, the chief appraiser shall deliver to the comptroller a |
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report containing the appraised value of the property that was the |
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subject of the agreement. |
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SECTION 3. Section 312.006, Tax Code, is amended to read as |
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follows: |
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Sec. 312.006. EXPIRATION DATE. If not continued in effect, |
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this chapter expires September 1, 2029 [2019]. |
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SECTION 4. Section 312.207, Tax Code, is amended by adding |
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Subsections (c) and (d) to read as follows: |
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(c) In addition to any other requirement of law, the public |
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notice of a meeting at which the governing body of a municipality or |
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other taxing unit will consider the approval of a tax abatement |
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agreement with a property owner must contain: |
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(1) the name of the property owner and the name of the |
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applicant for the tax abatement agreement |
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; |
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(2) the name and location of the reinvestment zone in |
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which the property subject to the agreement is located; |
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(3) a general description of the nature of the |
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improvements or repairs included in the agreement; and |
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(4) the estimated cost of the improvements or repairs. |
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(d) The notice of a meeting required by this section must be |
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given in the manner required by Chapter 551, Government Code, |
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except that the notice must be provided at least 30 days before the |
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scheduled time of the meeting. |
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SECTION 5. Subchapter C, Chapter 312, Tax Code, is amended |
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by adding Section 312.404 to read as follows: |
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Sec. 312.404. APPROVAL BY GOVERNING BODY. To be effective, |
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an agreement made under this subchapter must be approved by the |
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governing body of the county or other taxing unit in the manner that |
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the governing body of a municipality authorizes an agreement under |
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Section 312.207. |
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SECTION 6. Section 312.002(c-1), Tax Code, as added by this |
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Act, applies only to the adoption, amendment, repeal, or |
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reauthorization of guidelines and criteria under Section 312.002, |
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Tax Code, on or after the effective date of this Act. |
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SECTION 7. Section 312.005(a-1), Tax Code, as added by this |
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Act, applies only to a tax abatement agreement entered into under |
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Chapter 312 of that code that expires on or after the effective date |
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of this Act. |
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SECTION 8. Sections 312.207(c) and (d) and 312.404, Tax |
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Code, as added by this Act, apply only to a tax abatement agreement |
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entered into on or after the effective date of this Act. |
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SECTION 9. This Act takes effect September 1, 2019. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 3143 was passed by the House on April |
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30, 2019, by the following vote: Yeas 146, Nays 0, 1 present, not |
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voting; and that the House concurred in Senate amendments to H.B. |
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No. 3143 on May 23, 2019, by the following vote: Yeas 135, Nays 7, |
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1 present, not voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 3143 was passed by the Senate, with |
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amendments, on May 20, 2019, by the following vote: Yeas 30, Nays |
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1. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: __________________ |
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Date |
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__________________ |
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Governor |