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| 1 | 1 | By: Kolkhorst S.B. No. 400 | |
| 2 | - | (In the Senate - Filed December 21, 2016; February 1, 2017, | |
| 3 | - | read first time and referred to Committee on Natural Resources & | |
| 4 | - | Economic Development; April 12, 2017, reported adversely, with | |
| 5 | - | favorable Committee Substitute by the following vote: Yeas 10, | |
| 6 | - | Nays 0; April 12, 2017, sent to printer.) | |
| 7 | - | Click here to see the committee vote | |
| 8 | - | COMMITTEE SUBSTITUTE FOR S.B. No. 400 By: Burton | |
| 9 | 2 | ||
| 10 | 3 | ||
| 11 | 4 | A BILL TO BE ENTITLED | |
| 12 | 5 | AN ACT | |
| 13 | 6 | relating to the verification of information provided to the | |
| 14 | 7 | comptroller and contained in reports on compliance with agreements | |
| 15 | 8 | under the Texas Economic Development Act. | |
| 16 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 17 | 10 | SECTION 1. Section 313.032(c), Tax Code, is amended to read | |
| 18 | 11 | as follows: | |
| 19 | 12 | (c) The portion of the report described by Subsection (a)(2) | |
| 20 | 13 | must be based on data certified to the comptroller by each recipient | |
| 21 | 14 | or former recipient of a limitation on appraised value under this | |
| 22 | 15 | chapter. The recipient or former recipient shall contract with an | |
| 23 | 16 | independent certified public accountant to verify the data | |
| 24 | 17 | certified to the comptroller. The data may be verified using | |
| 25 | 18 | information from any reliable source, including the Texas Workforce | |
| 26 | 19 | Commission and the chief appraiser of the applicable appraisal | |
| 27 | 20 | district. | |
| 28 | 21 | SECTION 2. This Act takes effect September 1, 2017. | |
| 29 | - | * * * * * |