87R1308 LHC-F
 
  By: Pacheco H.B. No. 384
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the period for which a school district's participation
  in certain tax increment financing reinvestment zones may be taken
  into account in determining the total taxable value of property in
  the school district.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 403.302, Government Code, is amended by
  adding Subsection (e-2) to read as follows:
         (e-2)  This subsection 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. Notwithstanding Subsection (e), if the
  municipality adopts an ordinance designating a termination date for
  the zone that is later than the termination date designated in the
  ordinance creating the zone, the number of years for which the total
  dollar amount may be deducted under Subsection (d)(4) is limited to
  the duration of the zone as determined under Section 311.017, Tax
  Code.
         SECTION 2.  This Act takes effect September 1, 2021.