Bill Text: TX HB3350 | 2013-2014 | 83rd Legislature | Enrolled
Bill Title: Relating to homestead preservation districts and reinvestment zones.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2013-06-14 - Effective on 9/1/13 [HB3350 Detail]
Download: Texas-2013-HB3350-Enrolled.html
H.B. No. 3350 |
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relating to homestead preservation districts and reinvestment | ||
zones. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 373A.051(a), Local Government Code, is | ||
amended to read as follows: | ||
(a) To promote and expand the ownership and rental of | ||
affordable housing and to prevent the involuntary loss of | ||
homesteads by existing homeowners and renters living in the area, | ||
the governing body of a municipality by ordinance may designate as a | ||
homestead preservation district an area in the municipality that is | ||
eligible under Section 373A.052. | ||
SECTION 2. Section 373A.052(a), Local Government Code, is | ||
amended to read as follows: | ||
(a) To be designated as a district within a municipality | ||
described by Section 373A.003(a) under this subchapter, an area | ||
must be composed of census tracts forming a spatially compact area | ||
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(1) fewer than 75,000 [ |
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(2) [ |
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times the poverty rate for the entire municipality; and | ||
(3) [ |
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median family income that is less than 80 [ |
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family income for the entire municipality. | ||
SECTION 3. Section 373A.152, Local Government Code, is | ||
amended by adding Subsection (b) to read as follows: | ||
(b) A county may participate in a homestead preservation | ||
reinvestment zone established by a municipality under Subsection | ||
(a) by adopting a final order: | ||
(1) agreeing to the creation of the zone, the zone | ||
boundaries, and the zone termination date specified by the | ||
municipality under Section 373A.1521(1); and | ||
(2) specifying an amount of tax increment to be | ||
deposited by the county into the tax increment fund that is equal to | ||
the amount of the tax increment specified by the municipality under | ||
Section 373A.1521(3). | ||
SECTION 4. Section 373A.1522, Local Government Code, is | ||
amended to read as follows: | ||
Sec. 373A.1522. EFFECTIVE DATE OF ZONE. The zone | ||
designated by the ordinance adopted under Section 373A.1521 takes | ||
effect on the date designated by the municipality in the ordinance | ||
adopted under Section 373A.1521 [ |
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SECTION 5. Section 373A.155(b), Local Government Code, is | ||
amended to read as follows: | ||
(b) If a county elects to participate in a homestead | ||
preservation reinvestment zone, the [ |
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tax increment fund for the zone an amount equal to the tax increment | ||
paid by the municipality as specified in the order adopted under | ||
Section 373A.152 [ |
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SECTION 6. Section 373A.158(a), Local Government Code, is | ||
amended to read as follows: | ||
(a) If a county elects to participate in a homestead | ||
preservation reinvestment zone, the [ |
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unit entitled to receive the annual report prepared under Section | ||
311.016(a), Tax Code. | ||
SECTION 7. This Act takes effect September 1, 2013. | ||
______________________________ | ______________________________ | |
President of the Senate | Speaker of the House | |
I certify that H.B. No. 3350 was passed by the House on May | ||
10, 2013, by the following vote: Yeas 104, Nays 39, 2 present, not | ||
voting. | ||
______________________________ | ||
Chief Clerk of the House | ||
I certify that H.B. No. 3350 was passed by the Senate on May | ||
22, 2013, by the following vote: Yeas 21, Nays 10. | ||
______________________________ | ||
Secretary of the Senate | ||
APPROVED: _____________________ | ||
Date | ||
_____________________ | ||
Governor |