Texas 2017 - 85th Regular

Texas House Bill HB3360 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	By: Button, et al. (Senate Sponsor - Estes) H.B. No. 3360
2		-	(In the Senate - Received from the House May 3, 2017;
3		-	May 10, 2017, read first time and referred to Committee on Natural
4		-	Resources & Economic Development; May 21, 2017, reported
5		-	adversely, with favorable Committee Substitute by the following
6		-	vote: Yeas 8, Nays 2; May 21, 2017, sent to printer.)
7		-	Click here to see the committee vote
8		-	COMMITTEE SUBSTITUTE FOR H.B. No. 3360 By: Estes
	1	+	85R9611 SMH-D
	2	+	By: Button, Deshotel, Villalba, Gooden, H.B. No. 3360
	3	+	Faircloth, et al.
9	4
10	5
11	6		A BILL TO BE ENTITLED
12	7		AN ACT
13		-	relating to the Economic Incentive Oversight Board.
	8	+	relating to a periodic review by the Economic Incentive Oversight
	9	+	Board of the ad valorem tax incentive program established by the
	10	+	Texas Economic Development Act.
14	11		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
15	12		SECTION 1. Section 490G.001, Government Code, is amended by
16	13		amending Subdivision (2-a) and adding Subdivision (2-b) to read as
17	14		follows:
18	15		(2-a) "Office" means the Texas Economic Development
19	16		and Tourism Office.
20	17		(2-b) "Rural county" means a county with a population of
21	18		less than 60,000.
22		-	SECTION 2. Sections 490G.002(a) and (b), Government Code,
23		-	are amended to read as follows:
24		-	(a) The Economic Incentive Oversight Board is an advisory
25		-	body composed of nine members as follows:
26		-	(1) two public members appointed by the speaker of the
27		-	house of representatives, one of whom must be from a rural county;
28		-	(2) two public members appointed by the lieutenant
29		-	governor, one of whom must be from a rural county;
30		-	(3) two public members appointed by the comptroller,
31		-	one of whom must hold an advanced degree in economics; and
32		-	(4) three public members appointed by the governor,
33		-	one of whom must hold an advanced degree in statistics and one of
34		-	whom must hold an advanced degree in economics.
35		-	(b) A person is ineligible to serve as a member of the board
36		-	if the person has, within the five years preceding the person's
37		-	appointment:
38		-	(1) served as an officer, director, or executive of an
39		-	entity that received a monetary incentive or an ad valorem tax
40		-	incentive under Chapter 313, Tax Code;
41		-	(2) accepted compensation to represent a person or
42		-	entity that sought a monetary incentive or an ad valorem tax
43		-	incentive under Chapter 313, Tax Code; or
44		-	(3) accepted compensation to represent a state agency,
45		-	local government, school district, or economic development
46		-	corporation with the authority to grant a monetary incentive or an
47		-	ad valorem tax incentive under Chapter 313, Tax Code. [In
48		-	appointing members of the board, each appointing officer shall
49		-	appoint one member who has expertise in the area of economic
50		-	development].
51		-	SECTION 3. Chapter 490G, Government Code, is amended by
	19	+	SECTION 2. Chapter 490G, Government Code, is amended by
52	20		adding Section 490G.0055 to read as follows:
53	21		Sec. 490G.0055. REVIEW OF PROGRAM ESTABLISHED BY TEXAS
54	22		ECONOMIC DEVELOPMENT ACT; PERFORMANCE MATRIX. (a) The board shall
55	23		examine the effectiveness, efficiency, and financial impact on this
56	24		state of the ad valorem tax incentive program established by
57	25		Chapter 313, Tax Code, including whether that chapter is being
58	26		implemented by school districts and the comptroller in such a way as
59	27		to:
60	28		(1) accomplish the purposes of that chapter as
61	29		expressed in Section 313.003 of that chapter; and
62	30		(2) comply with the intent of the legislature in
63	31		enacting that chapter as expressed in Section 313.004 of that
64	32		chapter.
65	33		(b) The board shall develop a performance matrix that
66	34		clearly establishes the economic performance indicators, measures,
67	35		and metrics that will guide the board's evaluation of the program.
68	36		(c) The comptroller shall provide to the board on request
69	37		information concerning the program as necessary to enable the board
70	38		to perform the board's duties under this chapter.
71		-	SECTION 4. The heading to Section 490G.006, Government
	39	+	SECTION 3. The heading to Section 490G.006, Government
72	40		Code, is amended to read as follows:
73	41		Sec. 490G.006. SCHEDULE OF REVIEW OF STATE INCENTIVE
74	42		PROGRAMS; RECOMMENDATION TO LEGISLATIVE AUDIT COMMITTEE.
75		-	SECTION 5. Chapter 490G, Government Code, is amended by
	43	+	SECTION 4. Chapter 490G, Government Code, is amended by
76	44		adding Section 490G.0065 to read as follows:
77	45		Sec. 490G.0065. SCHEDULE OF REVIEW OF PROGRAM ESTABLISHED
78	46		BY TEXAS ECONOMIC DEVELOPMENT ACT. (a) The board shall develop a
79	47		schedule for the review of the ad valorem tax incentive program
80	48		established by Chapter 313, Tax Code, for the purpose of making
81	49		recommendations concerning the effectiveness and efficiency of the
82	50		program to the office and reporting the findings and
83	51		recommendations resulting from the review to the legislature as
84	52		required by Section 490G.007. The board shall review and make
85	53		findings and recommendations regarding the program according to the
86	54		review schedule.
87	55		(b) The board, on request, shall provide to the governing
88	56		body of a school district or the comptroller any recommendations
89	57		submitted to the office under Subsection (a) concerning the
90	58		program.
91		-	SECTION 6. Section 490G.007, Government Code, is amended to
	59	+	SECTION 5. Section 490G.007, Government Code, is amended to
92	60		read as follows:
93	61		Sec. 490G.007. BIENNIAL REPORT. Not later than January 1
94	62		of each odd-numbered year, the board shall submit to the lieutenant
95	63		governor, the speaker of the house of representatives, and each
96	64		standing committee of the senate and house of representatives with
97	65		primary jurisdiction over economic development a report containing
98	66		findings and recommendations resulting from each review of state
99	67		incentive programs and funds and of the ad valorem tax incentive
100	68		program established by Chapter 313, Tax Code, conducted by the
101	69		board under this chapter during the preceding two calendar years.
102		-	SECTION 7. A serving board member who would have been
103		-	ineligible for appointment under Section 490G.002(b) as amended by
104		-	this Act shall cease to be a board member as of the effective date of
105		-	this Act.
106		-	SECTION 8. This Act takes effect September 1, 2017.
107		-	* * * * *
	70	+	SECTION 6. This Act takes effect September 1, 2017.