88R10090 CJC-D
 
  By: Hunter, Slawson H.B. No. 2993
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the eligibility of certain property located in a
  reinvestment zone for certain ad valorem tax incentives.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Chapter 320, Tax Code, is amended by adding
  Section 320.002 to read as follows:
         Sec. 320.002.  PROPERTY INELIGIBLE FOR TAX INCENTIVES. (a)
  In this section:
               (1)  "Military aviation facility" has the meaning
  assigned by Section 312.0021.
               (2)  "Qualifying property" means a parcel of land that
  is located wholly or partly in a reinvestment zone, a new building
  constructed on the parcel of land, a new improvement erected or
  affixed on the parcel of land, or tangible personal property placed
  in service in the building or improvement or on the parcel of land.
               (3)  "Wind-powered energy device" has the meaning
  assigned by Section 11.27.
         (b)  Notwithstanding any other law, an owner of qualifying
  property may not receive an exemption from ad valorem taxation or a
  limitation on appraised value for the qualifying property under an
  agreement entered into under a law enacted as part of a program to
  encourage economic development in an area designated as a
  reinvestment zone if, on or after the date the agreement is entered
  into, a wind-powered energy device is installed or constructed on
  the qualifying property at a location that is within 25 nautical
  miles of the boundaries of a military aviation facility located in
  this state.  The prohibition provided by this subsection applies
  regardless of whether the wind-powered energy device is installed
  or constructed at a location that is in the reinvestment zone.
         SECTION 2.  This Act applies only to ad valorem taxes imposed
  for a tax year beginning on or after the effective date of this Act.
         SECTION 3.  To the extent of any conflict, this Act prevails
  over another Act of the 88th Legislature, Regular Session, 2023,
  regardless of the relative dates of enactment.
         SECTION 4.  This Act takes effect January 1, 2024.