By: Oliveira, et al. H.B. No. 773
A BILL TO BE ENTITLED
AN ACT
relating to extending the expiration date of the Property
Redevelopment and Tax Abatement Act.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 312.006, Tax Code, as amended by
Chapters 1029 (H.B. 1449) and 1505 (H.B. 1200), Acts of the 77th
Legislature, Regular Session, 2001, is amended to read as follows:
Sec. 312.006. EXPIRATION DATE. If not continued in effect,
this chapter expires September 1, 2019 [2009].
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.