BILL ANALYSIS H.B. 1119 By: Weber Natural Resources Committee Report (Unamended) BACKGROUND AND PURPOSE The Brazoria County Conservation and Reclamation District Number Three has not recently received a tax rate increase and, due to property value restructuring and the closure of a large chemical plant, has sustained over $650,000 in budget revenue loss. As a result of this revenue loss, the district needs a slight cap increase to sustain its maintenance and operation needs. H.B. 1119 increases from 15 to 20 cents on each $100 of assessed valuation the maintenance tax rate cap of the district. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution. ANALYSIS H.B. 1119 amends Chapter 307, Acts of the 61st Legislature, Regular Session, 1969, to increase from 15 to 20 cents on each $100 of assessed valuation the cap on the tax rate for maintenance taxes levied and collected by the Brazoria County Conservation and Reclamation District Number Three. EFFECTIVE DATE On passage, or, if the bill does not receive the necessary vote, September 1, 2011.
BILL ANALYSIS
# BILL ANALYSIS
H.B. 1119
By: Weber
Natural Resources
Committee Report (Unamended)
H.B. 1119
By: Weber
Natural Resources
Committee Report (Unamended)
BACKGROUND AND PURPOSE The Brazoria County Conservation and Reclamation District Number Three has not recently received a tax rate increase and, due to property value restructuring and the closure of a large chemical plant, has sustained over $650,000 in budget revenue loss. As a result of this revenue loss, the district needs a slight cap increase to sustain its maintenance and operation needs. H.B. 1119 increases from 15 to 20 cents on each $100 of assessed valuation the maintenance tax rate cap of the district.
RULEMAKING AUTHORITY It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.
ANALYSIS H.B. 1119 amends Chapter 307, Acts of the 61st Legislature, Regular Session, 1969, to increase from 15 to 20 cents on each $100 of assessed valuation the cap on the tax rate for maintenance taxes levied and collected by the Brazoria County Conservation and Reclamation District Number Three.
EFFECTIVE DATE On passage, or, if the bill does not receive the necessary vote, September 1, 2011.
BACKGROUND AND PURPOSE
The Brazoria County Conservation and Reclamation District Number Three has not recently received a tax rate increase and, due to property value restructuring and the closure of a large chemical plant, has sustained over $650,000 in budget revenue loss. As a result of this revenue loss, the district needs a slight cap increase to sustain its maintenance and operation needs. H.B. 1119 increases from 15 to 20 cents on each $100 of assessed valuation the maintenance tax rate cap of the district.
RULEMAKING AUTHORITY
It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.
ANALYSIS
H.B. 1119 amends Chapter 307, Acts of the 61st Legislature, Regular Session, 1969, to increase from 15 to 20 cents on each $100 of assessed valuation the cap on the tax rate for maintenance taxes levied and collected by the Brazoria County Conservation and Reclamation District Number Three.
EFFECTIVE DATE
On passage, or, if the bill does not receive the necessary vote, September 1, 2011.