Relating to the authority of certain school districts to enter into property tax abatement agreements in connection with realigned or closed military facilities.
Impact
The bill aims to bolster local economies in regions adjacent to these military installations by providing a mechanism for attracting new businesses and investments. By permitting school districts to enter into these agreements, the legislation anticipates fostering job creation and enhancing the property tax base, which may ultimately benefit public schools financially. The changes could help offset the economic impact caused by military transitions, facilitating community growth and recovery in those areas that have experienced shifts in their economic landscape due to military operations.
Summary
House Bill 1302 seeks to expand the authority of certain school districts in Texas to engage in property tax abatement agreements specifically in connection with realigned or closed military facilities. This legislation amends existing Tax Code provisions, allowing school districts, under specific circumstances, to act similarly to other taxing units, except municipalities and counties, regarding tax abatement agreements. The objective is to promote economic revitalization in areas affected by changes in military base status, encouraging development where bases have been closed or realigned.
Contention
Notably, the bill's provisions have sparked discussions about the implications of expanded powers for school districts, as critics might argue that it could lead to an uneven playing field for various businesses and could complicate the property tax system. Concerns revolve around the equilibrium between local authorities and the potential overreach of school districts into economic development territories traditionally governed by municipal or county-level policies. Opponents may worry that the focus on military-connected properties could marginalize other sectors in need of support and raise issues about the transparency and accountability of such agreements.
Same As
Relating to the authority of certain school districts to enter into property tax abatement agreements in connection with realigned or closed military facilities.
TX SB756
Identical
Relating to the authority of certain school districts to enter into property tax abatement agreements in connection with realigned or closed military facilities.
Relating to the duty of a school district to enter into an ad valorem tax abatement agreement under the Property Redevelopment and Tax Abatement Act for certain property.
Relating to the calculation of certain ad valorem tax rates of a taxing unit for a year in which a property owner provides notice that the owner intends to appeal an order of an appraisal review board determining a protest by the owner regarding the appraisal of the owner's property.
Relating to providing property tax relief through the public school finance system, exemptions, limitations on appraisals and taxes, and property tax administration; authorizing the imposition of a fee.
Relating to a limitation on the total amount of ad valorem taxes that a school district may impose on certain residence homesteads following a substantial school tax increase.
Relating to providing property tax relief through the public school finance system, exemptions, limitations on appraisals and taxes, and property tax administration; authorizing the imposition of a fee.