| 1 | 1 | | 85R9745 LHC-D |
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| 2 | 2 | | By: Smithee H.B. No. 1618 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the limitation on the amount of supplemental payments |
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| 8 | 8 | | that a person may agree to provide to a school district or any other |
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| 9 | 9 | | entity on behalf of a school district under the Texas Economic |
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| 10 | 10 | | Development Act. |
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| 11 | 11 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 12 | 12 | | SECTION 1. Section 313.027(i), Tax Code, is amended to read |
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| 13 | 13 | | as follows: |
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| 14 | 14 | | (i) A person and the school district may not enter into an |
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| 15 | 15 | | agreement under which the person agrees to provide supplemental |
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| 16 | 16 | | payments to a school district or any other entity on behalf of a |
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| 17 | 17 | | school district in an amount that exceeds an amount equal to the |
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| 18 | 18 | | greater of $100 per student per year in average daily attendance, as |
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| 19 | 19 | | defined by Section 42.005, Education Code, or $75,000 [$50,000] per |
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| 20 | 20 | | year, or for a period that exceeds the period beginning with the |
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| 21 | 21 | | period described by Section 313.021(4) and ending December 31 of |
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| 22 | 22 | | the third tax year after the date the person's eligibility for a |
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| 23 | 23 | | limitation under this chapter expires. This limit does not apply |
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| 24 | 24 | | to amounts described by Subsection (f)(1) or (2). |
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| 25 | 25 | | SECTION 2. The change in law made by this Act applies only |
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| 26 | 26 | | to an agreement entered into pursuant to an application filed under |
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| 27 | 27 | | Chapter 313, Tax Code, on or after the effective date of this Act. |
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| 28 | 28 | | An agreement entered into pursuant to an application filed under |
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| 29 | 29 | | that chapter before the effective date of this Act is governed by |
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| 30 | 30 | | the law in effect on the date the application was filed, and the |
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| 31 | 31 | | former law is continued in effect for that purpose. |
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| 32 | 32 | | SECTION 3. This Act takes effect September 1, 2017. |
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