By: Birdwell S.B. No. 1257
(Murphy)
A BILL TO BE ENTITLED
AN ACT
relating to the information required to be provided by the chief
appraiser of an appraisal district to the comptroller in connection
with the comptroller's central registry of reinvestment zones
designated and ad valorem tax abatement agreements executed under
the Property Redevelopment and Tax Abatement Act.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 312.005(a), Tax Code, is amended to read
as follows:
(a) The comptroller shall maintain a central registry of
reinvestment zones designated under this chapter and of ad valorem
tax abatement agreements executed under this chapter. The chief
appraiser of each appraisal district that appraises property for a
taxing unit that has designated a reinvestment zone or executed a
tax abatement agreement under this chapter shall deliver to the
comptroller before July 1 of the year following the year in which
the zone is designated or the agreement is executed a report
providing the following information:
(1) for a reinvestment zone, a general description of
the zone, including its size, the types of property located in it,
its duration, and the guidelines and criteria established for the
reinvestment zone under Section 312.002, including subsequent
amendments and modifications of the guidelines or criteria;
(2) a copy of each tax abatement agreement to which a
taxing unit that participates in the appraisal district is a party;
[and]
(3) the information described by Section
312.205(a)(1) in connection with each tax abatement agreement
described by Subdivision (2) of this subsection; and
(4) any other information required by the comptroller
to administer this section [and Subchapter F, Chapter 111].
SECTION 2. This Act takes effect September 1, 2021.