Texas 2017 - 85th Regular

Texas Senate Bill SB1765

Caption

Relating to tax increment reinvestment zone transparency and accountability.

Impact

The bill's implementation is expected to significantly impact state laws governing local economic development initiatives. It requires municipalities to provide clear documentation on the planning and performance of reinvestment zones, thus fostering a culture of transparency. By enforcing these requirements, the bill seeks to deter mismanagement and misuse of funds typically allocated for revitalization efforts in blighted areas.

Summary

SB1765 addresses the issue of transparency and accountability in the establishment and management of tax increment reinvestment zones (TIRZ) in Texas. The bill mandates that municipalities maintain a dedicated website for these zones, providing crucial information such as ordinances, project plans, financing details, and contact information for local officials. This move aims to enhance public oversight and ensure that residents are well-informed about developments and financial details related to their respective reinvestment zones.

Contention

One notable point of contention surrounding SB1765 may include concerns from local officials regarding the additional administrative burden imposed by the requirement to maintain such transparency measures. Some stakeholders may view the bill as an encroachment on local governance, arguing that it could potentially lead to conflicts between state mandates and local autonomy. Additionally, there may be debates over the effectiveness of transparency alone in addressing the underlying issues that necessitated the creation of reinvestment zones in the first place.

Companion Bills

No companion bills found.

Previously Filed As

TX HB4433

Relating to the authority of the board of directors of a tax increment financing reinvestment zone to use money in the tax increment fund established for the zone to compensate certain homeowners for the increase in taxes associated with the zone.

TX HB774

Relating to the ad valorem tax appraisal of an older residence homestead located in or near a tax increment financing reinvestment zone.

TX HB4473

Relating to the calculation of ad valorem tax rates by certain taxing units that participate in one or more reinvestment zones for tax increment financing.

TX SB1096

Relating to the treatment of certain residence homesteads for purposes of the Tax Increment Financing Act.

TX HB5336

Relating to the powers and duties of Port Freeport; limiting the authority of certain municipalities to regulate land use by Port Freeport; and the creation of a reinvestment zone containing property owned by Port Freeport.

TX HB739

Relating to provisions applicable to affordable housing located in a reinvestment zone in certain areas of the state; authorizing a fee.

TX SB1211

Relating to defense economic readjustment zones.

TX HB2987

Relating to the exemption of tangible personal property from ad valorem taxation; making conforming changes.

TX SB1789

Relating to the exemption of tangible personal property from ad valorem taxation; making conforming changes.

TX HB5311

Relating to the creation and operation of a development zone by and the tax revenue received by The Woodlands Township; providing authority to issue bonds; providing authority to impose assessments and taxes.

Similar Bills

NJ S1026

Establishes a manufacturing reinvestment account program to incentivize capital investment and workforce training in New Jersey with income tax rate reductions, deferrals, and accelerated deductions.

NJ A2530

Establishes a manufacturing reinvestment account program to incentivize capital investment and workforce training in New Jersey with income tax rate reductions, deferrals, and accelerated deductions.

NJ A3464

Establishes a manufacturing reinvestment account program to incentivize capital investment and workforce training in New Jersey with income tax rate reductions, deferrals, and accelerated deductions.

NJ S2087

Establishes a manufacturing reinvestment account program to incentivize capital investment and workforce training in New Jersey with income tax rate reductions, deferrals, and accelerated deductions.

UT SB0208

Housing and Transit Reinvestment Zone Amendments

UT SB0140

Housing and Transit Reinvestment Zone Amendments

UT SB0084

Housing and Transit Reinvestment Zone Amendments

UT SB0026

Housing and Transit Reinvestment Zone Amendments