Bill Text: TX HB2799 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to economic development.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2019-03-20 - Left pending in committee [HB2799 Detail]
Download: Texas-2019-HB2799-Introduced.html
86R9202 TJB-F | ||
By: Sanford | H.B. No. 2799 |
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relating to economic development. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 552.131(c), Government Code, is amended | ||
to read as follows: | ||
(c) This [ |
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Section 552.021 information about a financial or other incentive | ||
being offered to a [ |
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(1) by a [ |
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(2) by another person, if the financial or other | ||
incentive may directly or indirectly result in the expenditure of | ||
public funds by a governmental body or a reduction in revenue | ||
received by a governmental body from any source. | ||
SECTION 2. Subchapter B, Chapter 312, Tax Code, is amended | ||
by adding Section 312.2035 to read as follows: | ||
Sec. 312.2035. APPLICATION FOR TAX ABATEMENT. (a) The | ||
owner of taxable real property located in a municipality may apply | ||
to the governing body of the municipality for a tax abatement. | ||
(b) An owner of property described by Subsection (a) may | ||
submit an application under that subsection before the date the | ||
property is located in a reinvestment zone if the property is | ||
otherwise eligible to be considered for a tax abatement under this | ||
subchapter. | ||
(c) The governing body of a municipality that receives an | ||
application under this section may approve or refuse to approve the | ||
application. If the governing body elects to approve the | ||
application, the body must do so by an affirmative vote of a | ||
majority of the members of the body at a regularly scheduled meeting | ||
of the body. The governing body may approve the application before | ||
the property is located in a reinvestment zone. | ||
(d) The governing body of a municipality may not enter into | ||
a tax abatement agreement under this subchapter unless the body has | ||
approved an application for the tax abatement under this section. | ||
SECTION 3. Section 312.207(a), Tax Code, is amended to read | ||
as follows: | ||
(a) To be effective, an agreement made under this subchapter | ||
must be approved by the affirmative vote of a majority of the | ||
members of the governing body of the municipality or other taxing | ||
unit at a regularly scheduled meeting of the governing body. The | ||
governing body of the municipality may not hold the meeting earlier | ||
than the 90th day after the date the governing body approves the | ||
application for the tax abatement that is the subject of the | ||
agreement under Section 312.2035. | ||
SECTION 4. The following provisions are repealed: | ||
(1) Sections 551.087 and 552.131(b), Government Code; | ||
and | ||
(2) Section 313.025(f-1), Tax Code. | ||
SECTION 5. Section 552.131, Government Code, as amended by | ||
this Act, applies only to a request for public information that is | ||
received by a governmental body or an officer for public | ||
information on or after the effective date of this Act. | ||
SECTION 6. Section 312.2035(d), Tax Code, as added by this | ||
Act, and Section 312.207(a), Tax Code, as amended by this Act, apply | ||
only to a tax abatement agreement entered into on or after the | ||
effective date of this Act. A tax abatement agreement entered into | ||
before the effective date of this Act is governed by the law in | ||
effect when the agreement was entered into, and that law is | ||
continued in effect for that purpose. | ||
SECTION 7. This Act takes effect September 1, 2019. |