| 1 | | - | By: Dale (Senate Sponsor - Schwertner) H.B. No. 3045 |
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| 2 | | - | (In the Senate - Received from the House May 10, 2017; |
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| 3 | | - | May 11, 2017, read first time and referred to Committee on Finance; |
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| 4 | | - | May 19, 2017, reported favorably by the following vote: Yeas 12, |
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| 5 | | - | Nays 0; May 19, 2017, sent to printer.) |
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| 6 | | - | Click here to see the committee vote |
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| 1 | + | H.B. No. 3045 |
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| 10 | 4 | | AN ACT |
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| 11 | 5 | | relating to an election to reduce or increase the sales and use tax |
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| 12 | 6 | | rate imposed by a municipality for the benefit of a Type B |
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| 13 | 7 | | development corporation. |
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| 14 | 8 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 15 | 9 | | SECTION 1. Subchapter F, Chapter 505, Local Government |
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| 16 | 10 | | Code, is amended by adding Section 505.2566 to read as follows: |
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| 17 | 11 | | Sec. 505.2566. ELECTION TO REDUCE OR INCREASE TAX RATE. (a) |
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| 18 | 12 | | An authorizing municipality that has imposed a sales and use tax |
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| 19 | 13 | | under this chapter may, in the same manner and by the same procedure |
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| 20 | 14 | | as the municipality imposed the tax, reduce or increase the tax rate |
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| 21 | 15 | | by a majority of the voters of the municipality voting at an |
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| 22 | 16 | | election held for that purpose. |
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| 23 | 17 | | (b) On petition of 10 percent or more of the registered |
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| 24 | 18 | | voters of the authorizing municipality requesting an election to |
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| 25 | 19 | | reduce or increase the tax rate under this chapter, the governing |
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| 26 | 20 | | body of the municipality shall order an election on the issue. |
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| 27 | 21 | | (c) The tax rate may be reduced or increased to any rate that |
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| 28 | 22 | | is an increment of one-eighth of one percent, that the authorizing |
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| 29 | 23 | | municipality determines is appropriate, and that would not result |
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| 30 | 24 | | in a combined rate that exceeds the maximum combined rate |
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| 31 | 25 | | prescribed by Section 505.256(a). |
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| 32 | 26 | | SECTION 2. This Act takes effect immediately if it receives |
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| 33 | 27 | | a vote of two-thirds of all the members elected to each house, as |
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| 34 | 28 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 35 | 29 | | Act does not receive the vote necessary for immediate effect, this |
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| 36 | 30 | | Act takes effect September 1, 2017. |
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| 37 | | - | * * * * * |
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| 31 | + | ______________________________ ______________________________ |
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| 32 | + | President of the Senate Speaker of the House |
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| 33 | + | I certify that H.B. No. 3045 was passed by the House on May 9, |
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| 34 | + | 2017, by the following vote: Yeas 145, Nays 0, 2 present, not |
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| 35 | + | voting. |
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| 36 | + | ______________________________ |
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| 37 | + | Chief Clerk of the House |
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| 38 | + | I certify that H.B. No. 3045 was passed by the Senate on May |
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| 39 | + | 24, 2017, by the following vote: Yeas 31, Nays 0. |
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| 40 | + | ______________________________ |
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| 41 | + | Secretary of the Senate |
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| 42 | + | APPROVED: _____________________ |
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| 43 | + | Date |
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| 44 | + | _____________________ |
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| 45 | + | Governor |
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