LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION May 16, 2013 TO: Honorable Tommy Williams, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3589 by Gutierrez (Relating to the use of tax increment financing by certain municipalities.), As Engrossed No significant fiscal implication to the State is anticipated. This bill would amend Chapter 311, Tax Code (the Tax Increment Financing Act). Section 311.0087 would be amended to change the county population limitation from 1.5 million to 2.2 million or less and to impose additional conditions on a subject municipality with respect to a reinvestment zone or a development agreement, interlocal ageement, or project plan related to a reinvestment zone. The bill would take immediate effect if it receives a vote of two-thirds of all members elected to each house of the legislature, otherwise it would take effect September 1, 2013. Local Government Impact The bill appears to affect only the City of San Antonio. The fiscal implications for that city cannot be determined. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, KK, SD
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
May 16, 2013
TO: Honorable Tommy Williams, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3589 by Gutierrez (Relating to the use of tax increment financing by certain municipalities.), As Engrossed
TO: Honorable Tommy Williams, Chair, Senate Committee on Finance
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB3589 by Gutierrez (Relating to the use of tax increment financing by certain municipalities.), As Engrossed
Honorable Tommy Williams, Chair, Senate Committee on Finance
Honorable Tommy Williams, Chair, Senate Committee on Finance
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB3589 by Gutierrez (Relating to the use of tax increment financing by certain municipalities.), As Engrossed
HB3589 by Gutierrez (Relating to the use of tax increment financing by certain municipalities.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
This bill would amend Chapter 311, Tax Code (the Tax Increment Financing Act). Section 311.0087 would be amended to change the county population limitation from 1.5 million to 2.2 million or less and to impose additional conditions on a subject municipality with respect to a reinvestment zone or a development agreement, interlocal ageement, or project plan related to a reinvestment zone. The bill would take immediate effect if it receives a vote of two-thirds of all members elected to each house of the legislature, otherwise it would take effect September 1, 2013.
Local Government Impact
The bill appears to affect only the City of San Antonio. The fiscal implications for that city cannot be determined.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: UP, KK, SD
UP, KK, SD