85R9611 SMH-D
By: Button, Deshotel, Villalba, Gooden, H.B. No. 3360
Faircloth, et al.
A BILL TO BE ENTITLED
AN ACT
relating to a periodic review by the Economic Incentive Oversight
Board of the ad valorem tax incentive program established by the
Texas Economic Development Act.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 490G.001, Government Code, is amended by
amending Subdivision (2-a) and adding Subdivision (2-b) to read as
follows:
(2-a) "Office" means the Texas Economic Development
and Tourism Office.
(2-b) "Rural county" means a county with a population of
less than 60,000.
SECTION 2. Chapter 490G, Government Code, is amended by
adding Section 490G.0055 to read as follows:
Sec. 490G.0055. REVIEW OF PROGRAM ESTABLISHED BY TEXAS
ECONOMIC DEVELOPMENT ACT; PERFORMANCE MATRIX. (a) The board shall
examine the effectiveness, efficiency, and financial impact on this
state of the ad valorem tax incentive program established by
Chapter 313, Tax Code, including whether that chapter is being
implemented by school districts and the comptroller in such a way as
to:
(1) accomplish the purposes of that chapter as
expressed in Section 313.003 of that chapter; and
(2) comply with the intent of the legislature in
enacting that chapter as expressed in Section 313.004 of that
chapter.
(b) The board shall develop a performance matrix that
clearly establishes the economic performance indicators, measures,
and metrics that will guide the board's evaluation of the program.
(c) The comptroller shall provide to the board on request
information concerning the program as necessary to enable the board
to perform the board's duties under this chapter.
SECTION 3. The heading to Section 490G.006, Government
Code, is amended to read as follows:
Sec. 490G.006. SCHEDULE OF REVIEW OF STATE INCENTIVE
PROGRAMS; RECOMMENDATION TO LEGISLATIVE AUDIT COMMITTEE.
SECTION 4. Chapter 490G, Government Code, is amended by
adding Section 490G.0065 to read as follows:
Sec. 490G.0065. SCHEDULE OF REVIEW OF PROGRAM ESTABLISHED
BY TEXAS ECONOMIC DEVELOPMENT ACT. (a) The board shall develop a
schedule for the review of the ad valorem tax incentive program
established by Chapter 313, Tax Code, for the purpose of making
recommendations concerning the effectiveness and efficiency of the
program to the office and reporting the findings and
recommendations resulting from the review to the legislature as
required by Section 490G.007. The board shall review and make
findings and recommendations regarding the program according to the
review schedule.
(b) The board, on request, shall provide to the governing
body of a school district or the comptroller any recommendations
submitted to the office under Subsection (a) concerning the
program.
SECTION 5. Section 490G.007, Government Code, is amended to
read as follows:
Sec. 490G.007. BIENNIAL REPORT. Not later than January 1
of each odd-numbered year, the board shall submit to the lieutenant
governor, the speaker of the house of representatives, and each
standing committee of the senate and house of representatives with
primary jurisdiction over economic development a report containing
findings and recommendations resulting from each review of state
incentive programs and funds and of the ad valorem tax incentive
program established by Chapter 313, Tax Code, conducted by the
board under this chapter during the preceding two calendar years.
SECTION 6. This Act takes effect September 1, 2017.