By: Duncan S.B. No. 1311
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 with certain
property owners.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 312.402, Tax Code, is amended by adding
Subsection (a-1) to read as follows:
(a-1) This subsection applies only to tangible personal
property and fixtures, improvements, or other real property used
for renewable energy electric generation. The commissioners court
may execute a tax abatement agreement with a lessee of taxable real
property located in a reinvestment zone designated under this
subchapter to exempt from taxation all or a portion of the value of
fixtures, improvements, or other real property owned by the lessee
and located on the property that is the subject of the lease, all or
a portion of the value of tangible personal property owned by the
lessee and located on the real property that is the subject of the
lease, or all or a portion of the value of both.
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.