By: Muñoz, Jr. H.B. No. 4485
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
 
  relating to a study of economic development incentives provided to
  businesses and members of the public by certain political
  subdivisions.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  (a)  The comptroller of public accounts shall
  conduct a study to identify the types of economic development
  incentives and the costs of those incentives provided to businesses
  and members of the public by the following political subdivisions
  during the 2018-2019 fiscal year of the political subdivision,
  including incentives designed to attract a business prospect to
  locate, stay, or expand in the political subdivision:
               (1)  a county with a population of more than 700,000 and
  less than 775,000 according to the most recent federal decennial
  census; and
               (2)  each municipality located in a county described by
  Subdivision (1) of this subsection.
         (b)  In conducting the study, the comptroller shall, for the
  period described by Subsection (a) of this section:
               (1)  identify each tax incentive, including each tax
  abatement, credit, discount, exemption, or special valuation
  provided to a business or member of the public by each political
  subdivision for economic development purposes;
               (2)  identify each grant, loan, or other direct
  expenditure provided to a business or member of the public by each
  political subdivision for economic development purposes; and
               (3)  determine the total cost of the economic
  development incentives identified in Subdivisions (1) and (2) of
  this subsection for each political subdivision.
         (c)  Not later than June 1, 2020, the comptroller shall
  prepare and submit to the governor, lieutenant governor, and
  speaker of the house of representatives a written report containing
  the results of the study and any recommendations for legislative or
  other action.
         (d)  This Act expires January 1, 2021.
         SECTION 2.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution. If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2019.