Bill Text: TX HB3465 | 2011-2012 | 82nd Legislature | Enrolled
Bill Title: 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.
Sponsorship: Partisan Bill (Republican 2)
Status: (Passed) 2011-06-17 - Effective on 9/1/11 [HB3465 Detail]
Download: Texas-2011-HB3465-Enrolled.html
| H.B. No. 3465 | ||
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| 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-1) to read as follows: | ||
| (e-1) This subsection applies only to a reinvestment zone | ||
| created by a municipality that has a population of 70,000 or less | ||
| and is located in a county in which all or part of a military | ||
| installation is located. Notwithstanding Subsection (e), if on or | ||
| after January 1, 2017, 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, 2011. | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I certify that H.B. No. 3465 was passed by the House on April | ||
| 26, 2011, by the following vote: Yeas 147, Nays 1, 2 present, not | ||
| voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| I certify that H.B. No. 3465 was passed by the Senate on May | ||
| 19, 2011, by the following vote: Yeas 31, Nays 0 | ||
| . | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| APPROVED: _____________________ | ||
| Date | ||
| _____________________ | ||
| Governor | ||
