| 1 | 1 | | 2019S0244-2 02/22/19 |
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| 2 | 2 | | By: Birdwell S.B. No. 1046 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the Property Redevelopment and Tax Abatement Act. |
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| 8 | 8 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 9 | 9 | | SECTION 1. Section 312.006, Tax Code, is amended to read as |
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| 10 | 10 | | follows: |
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| 11 | 11 | | Sec. 312.006. EXPIRATION DATE. If not continued in effect, |
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| 12 | 12 | | this chapter expires September 1, 2029 [2019]. |
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| 13 | 13 | | SECTION 2. Section 312.207, Tax Code, is amended by adding |
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| 14 | 14 | | Subsections (c) and (d) to read as follows: |
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| 15 | 15 | | (c) In addition to any other requirement of law, the public |
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| 16 | 16 | | notice of a meeting at which the governing body of a municipality |
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| 17 | 17 | | will consider the approval of a tax abatement agreement with a |
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| 18 | 18 | | property owner must contain: |
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| 19 | 19 | | (1) the name of the property owner; |
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| 20 | 20 | | (2) the name and location of the reinvestment zone in |
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| 21 | 21 | | which the property subject to the agreement is located; |
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| 22 | 22 | | (3) a general description of the nature of the |
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| 23 | 23 | | improvements or repairs included in the agreement; |
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| 24 | 24 | | (4) the estimated cost of the improvements or repairs; |
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| 25 | 25 | | (5) the estimated date the improvements or repairs |
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| 26 | 26 | | will begin; |
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| 27 | 27 | | (6) the estimated date the improvements or repairs |
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| 28 | 28 | | will be completed; and |
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| 29 | 29 | | (7) if the improvements or repairs are necessary for |
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| 30 | 30 | | the operation of a business on the property, the estimated date |
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| 31 | 31 | | operations will begin. |
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| 32 | 32 | | (d) The notice of a meeting required by this section must be |
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| 33 | 33 | | given in the manner required by Chapter 551, Government Code, |
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| 34 | 34 | | except that the notice must be provided at least 120 hours before |
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| 35 | 35 | | the scheduled time of the meeting. |
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| 36 | 36 | | SECTION 3. Subchapter C, Chapter 312, Tax Code, is amended |
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| 37 | 37 | | by adding Section 312.404 to read as follows: |
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| 38 | 38 | | Sec. 312.404. APPROVAL BY COMMISSIONERS COURT. To be |
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| 39 | 39 | | effective, an agreement made under this subchapter must be approved |
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| 40 | 40 | | by the commissioners court in the manner that the governing body of |
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| 41 | 41 | | a municipality authorizes an agreement under Section 312.207. |
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| 42 | 42 | | SECTION 4. The changes in law made by this Act apply only to |
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| 43 | 43 | | a tax abatement agreement entered into on or after the effective |
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| 44 | 44 | | date of this Act. A tax abatement agreement entered into before the |
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| 45 | 45 | | effective date of this Act is governed by the law in effect when the |
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| 46 | 46 | | agreement was entered into, and that law is continued in effect for |
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| 47 | 47 | | that purpose. |
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| 48 | 48 | | SECTION 5. This Act takes effect September 1, 2019. |
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