81R7245 JD-F
By: Heflin H.B. No. 1127
A BILL TO BE ENTITLED
AN ACT
relating to the authority of the commissioners court of a county to
enter into an ad valorem tax abatement agreement.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 312.402(a), Tax Code, is amended to read
as follows:
(a) The commissioners court may execute a tax abatement
agreement with the owner or lessee of taxable real property or the
owner of taxable tangible personal property, or both, located in a
reinvestment zone designated under this subchapter. The court may
execute a tax abatement agreement with the owner of a leasehold
interest in tax-exempt real property or leasehold interests or
improvements on tax-exempt real property that is located in a
reinvestment zone designated under this subchapter to exempt a
portion of the value of tangible personal property or leasehold
interests or improvements on tax-exempt real property located on
the real property. The execution, duration, and other terms of an
agreement made under this section are governed by the provisions of
Sections 312.204, 312.205, and 312.211 applicable to a
municipality. Section 312.2041 applies to an agreement made by a
county under this section in the same manner as it applies to an
agreement made by a municipality under Section 312.204 or 312.211.
SECTION 2. 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, 2009.