Bill Text: TX HB2438 | 2019-2020 | 86th Legislature | Introduced


Bill Title: Relating to the extension of the expiration date of certain statutes authorizing ad valorem tax incentives for economic development.

Spectrum: Moderate Partisan Bill (Republican 4-1)

Status: (Introduced) 2019-03-20 - Left pending in committee [HB2438 Detail]

Download: Texas-2019-HB2438-Introduced.html
  86R9889 JES-F
 
  By: Phelan H.B. No. 2438
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the extension of the expiration date of certain
  statutes authorizing ad valorem tax incentives for economic
  development.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 312.006, Tax Code, is amended to read as
  follows:
         Sec. 312.006.  EXPIRATION DATE. If not continued in effect,
  this chapter expires December 31, 2032 [September 1, 2019].
         SECTION 2.  Section 313.007, Tax Code, is amended to read as
  follows:
         Sec. 313.007.  EXPIRATION.  Subchapters B and C expire
  December 31, 2032 [2022].
         SECTION 3.  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.
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