Texas 2015 - 84th Regular

Texas House Bill HB3763

Voted on by House
 
Out of Senate Committee
 
Voted on by Senate
 
Governor Action
 
Bill Becomes Law
 

Caption

Relating to the allocation of certain increases in state sales tax revenue due to transportation projects to the state highway fund through the use of economic impact zones established by the Texas Department of Transportation.

Impact

The bill will amend the Transportation Code, specifically by adding provisions that outline the establishment and management of economic impact zones. These zones will be certified by the Legislative Budget Board after an economic impact statement is prepared, which must define the zone's boundaries and project the sales tax revenue over a thirty-year period. The intended effect is to enhance funding for transportation infrastructure by tying federal or state transportation initiatives to local economic growth as reflected in sales tax increments generated within these zones.

Summary

House Bill 3763 establishes a framework for allocating increases in state sales tax revenue generated from transportation projects to the state highway fund through designated economic impact zones. Under this legislation, the Texas Department of Transportation is empowered to create such zones, which are geographically defined areas surrounding transportation projects. The bill aims to streamline the process of capturing and reallocating incremental sales tax revenue that arises as a consequence of these projects, ultimately channeling funds directly into infrastructure improvements.

Contention

Discussions surrounding HB3763 may reveal differing opinions on economic impact zones' effectiveness in addressing transportation funding needs. Proponents argue that the bill will facilitate necessary investment in infrastructure and improve roadways through dedicated funding sourced from local economic activities enhanced by transportation projects. However, critics may contend that the reliance on future sales tax increments could introduce unpredictability to funding levels, potentially undermining long-term financial planning for transportation initiatives.

Companion Bills

No companion bills found.

Previously Filed As

TX HB2207

Relating to the allocation of certain constitutional transfers of money to the economic stabilization fund, the state highway fund, the oil and gas regulation and cleanup account, the Texas emissions reduction plan fund, the property tax relief fund, and the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund and to the permissible uses of money deposited to the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund.

TX HJR27

Proposing a constitutional amendment providing for the creation of and use of money in the Grow Texas fund and allocating certain general revenues to that fund, the economic stabilization fund, and the state highway fund.

TX HB4483

Relating to a study by the Texas A&M Transportation Institute regarding the economic impact of navigation districts on the state and local economies.

TX HB38

Relating to the elimination of certain property taxes for school district maintenance and operations and the provision of public education funding by increasing the rates of certain state taxes.

TX SB377

Relating to the Texas Connectivity Fund and to the allocation and the use of certain proceeds from the imposition of state sales and use taxes on telecommunications services.

TX HB5227

Relating to the allocation of certain constitutional transfers of money to the economic stabilization fund, the Texas legacy fund, and the state highway fund and to the management and investment of the economic stabilization fund, the Texas legacy fund, and the Texas legacy distribution fund.

TX HB1392

Relating to the allocation of certain constitutional transfers of money to the economic stabilization fund, the state highway fund, and the Grow Texas fund and to the permissible uses of money deposited to the Grow Texas fund.

TX HB3998

Relating to the use of certain revenue derived from state sales and use taxes to provide grants to incentivize the recycling of certain electronics.

TX HB4419

Relating to the promotion of film and television production in this state, including the eligibility of film or television productions for funding under the major events reimbursement program, the creation of a film events trust fund and a film production tax rebate trust fund, the establishment of virtual film production institutes, and the designation of media production development zones.

TX HJR1

Proposing a constitutional amendment creating the state school safety fund to provide ongoing financial support for projects that ensure the safety of public schools in this state and providing for the transfer of certain general revenues to that fund, the economic stabilization fund, and the state highway fund.

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TX HB1989

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TX HB4370

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