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A BILL TO BE ENTITLED
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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 312.202, Tax Code, is amended by |
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amending Subsection (a) and adding Subsection (a-1) to read as |
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follows: |
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(a) To be designated as a reinvestment zone under this |
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subchapter, an area must: |
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(1) substantially arrest or impair the sound growth of |
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the municipality creating the zone, retard the provision of housing |
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accommodations, or constitute an economic or social liability and |
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be a menace to the public health, safety, morals, or welfare in its |
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present condition and use because of the presence of: |
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(A) a substantial number of substandard, slum, |
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deteriorated, or deteriorating structures; |
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(B) the predominance of defective or inadequate |
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sidewalks or streets; |
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(C) faulty size, adequacy, accessibility, or |
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usefulness of lots; |
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(D) unsanitary or unsafe conditions; |
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(E) the deterioration of site or other |
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improvements; |
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(F) tax or special assessment delinquency |
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exceeding the fair value of the land; |
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(G) defective or unusual conditions of title; |
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(H) conditions that endanger life or property by |
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fire or other cause; or |
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(I) any combination of these factors; |
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(2) be predominantly open and, because of obsolete |
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platting, deterioration of structures or site improvements, or |
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other factors, substantially impair or arrest the sound growth of |
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the municipality; |
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(3) be in a federally assisted new community located |
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in a home-rule municipality or in an area immediately adjacent to a |
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federally assisted new community located in a home-rule |
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municipality; |
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(4) be located entirely in an area that meets the |
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requirements for federal assistance under Section 119 of the |
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Housing and Community Development Act of 1974 (42 U.S.C. Section |
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5318); or |
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(5) encompass signs, billboards, or other outdoor |
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advertising structures designated by the governing body of the |
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municipality for relocation, reconstruction, or removal for the |
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purpose of enhancing the physical environment of the municipality, |
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which the legislature declares to be a public purpose[; or
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[(6)
be reasonably likely as a result of the
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designation to contribute to the retention or expansion of primary
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employment or to attract major investment in the zone that would be
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a benefit to the property and that would contribute to the economic
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development of the municipality]. |
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(a-1) In addition to complying with Subsection (a), to be |
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designated as a reinvestment zone under this subchapter, an area |
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must be reasonably likely as a result of the designation to |
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contribute to the retention or expansion of primary employment or |
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to attract major investment in the zone that would be a benefit to |
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the property in the zone and that would contribute to the economic |
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development of the municipality. |
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SECTION 5. 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 6. 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 7. Section 312.202, Tax Code, as amended by this |
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Act, applies only to an area designated as a reinvestment zone on or |
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after the effective date of this Act. |
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SECTION 8. This Act takes effect September 1, 2019. |