84R10666 SMH-D
By: Murphy H.B. No. 2826
A BILL TO BE ENTITLED
AN ACT
relating to the eligibility of property located in more than one
school district for a limitation on appraised value for school
district maintenance and operations ad valorem tax purposes under
the Texas Economic Development Act.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter B, Chapter 313, Tax Code, is amended
by adding Section 313.0255 to read as follows:
Sec. 313.0255. PROJECT LOCATED IN MORE THAN ONE SCHOOL
DISTRICT. (a) This section applies only to a single unified project
that is located in more than one school district, each of which is
contiguous to another school district in which the project is
located and at least one of which is a school district to which this
subchapter applies.
(b) Except as otherwise provided by this section, the
provisions of this subchapter applicable to a project that is
located in only one school district apply to a project to which this
section applies, including the provisions governing the
application and approval process.
(c) For purposes of determining the required minimum amount
of a qualified investment under Section 313.021(2)(A)(iv)(a) and
the minimum amount of a limitation on appraised value under Section
313.027(b), a project is considered to be located in the school
district in which the project is located that has the highest
taxable value of property for the preceding tax year determined
under Subchapter M, Chapter 403, Government Code.
(d) The minimum amount of the limitation on appraised value
to which a school district may agree under Section 313.027(b) is
equal to the amount specified by that subsection for the applicable
category of school district as determined in accordance with
Subsection (c) of this section multiplied by a fraction the
numerator of which is the amount of qualified investment made in the
school district in connection with the project and the denominator
of which is the total amount of qualified investment made in
connection with the project in each school district in which the
project is located.
(e) In determining whether property on which a project is
located meets the requirements of Section 313.024 for eligibility
for a limitation on appraised value under this subchapter, the
comptroller shall consider whether the project as a whole would
meet those requirements were the project located in a single school
district.
SECTION 2. Subchapter C, Chapter 313, Tax Code, is amended
by adding Section 313.055 to read as follows:
Sec. 313.055. PROJECT LOCATED IN MORE THAN ONE SCHOOL
DISTRICT. Section 313.0255 applies to a project located in more
than one school district each of which is a school district to which
this subchapter applies in the same manner as that section applies
to a project located in more than one school district at least one
of which is a school district to which Subchapter B applies, except
that for purposes of Section 313.0255(c) the project is considered
to be located in the school district that has the highest taxable
value of industrial property for the preceding tax year determined
under Subchapter M, Chapter 403, Government Code.
SECTION 3. This Act applies only to an application filed
under Chapter 313, Tax Code, on or after the effective date of this
Act. An application filed under that chapter before the effective
date of this Act is governed by the law in effect on the date the
application was filed, and the former law is continued in effect for
that purpose.
SECTION 4. This Act takes effect September 1, 2015.