| 1 | 1 | | 88R10090 CJC-D |
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| 2 | 2 | | By: Hunter, Slawson H.B. No. 2993 |
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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 eligibility of certain property located in a |
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| 8 | 8 | | reinvestment zone for certain ad valorem tax incentives. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Chapter 320, Tax Code, is amended by adding |
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| 11 | 11 | | Section 320.002 to read as follows: |
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| 12 | 12 | | Sec. 320.002. PROPERTY INELIGIBLE FOR TAX INCENTIVES. (a) |
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| 13 | 13 | | In this section: |
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| 14 | 14 | | (1) "Military aviation facility" has the meaning |
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| 15 | 15 | | assigned by Section 312.0021. |
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| 16 | 16 | | (2) "Qualifying property" means a parcel of land that |
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| 17 | 17 | | is located wholly or partly in a reinvestment zone, a new building |
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| 18 | 18 | | constructed on the parcel of land, a new improvement erected or |
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| 19 | 19 | | affixed on the parcel of land, or tangible personal property placed |
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| 20 | 20 | | in service in the building or improvement or on the parcel of land. |
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| 21 | 21 | | (3) "Wind-powered energy device" has the meaning |
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| 22 | 22 | | assigned by Section 11.27. |
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| 23 | 23 | | (b) Notwithstanding any other law, an owner of qualifying |
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| 24 | 24 | | property may not receive an exemption from ad valorem taxation or a |
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| 25 | 25 | | limitation on appraised value for the qualifying property under an |
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| 26 | 26 | | agreement entered into under a law enacted as part of a program to |
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| 27 | 27 | | encourage economic development in an area designated as a |
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| 28 | 28 | | reinvestment zone if, on or after the date the agreement is entered |
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| 29 | 29 | | into, a wind-powered energy device is installed or constructed on |
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| 30 | 30 | | the qualifying property at a location that is within 25 nautical |
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| 31 | 31 | | miles of the boundaries of a military aviation facility located in |
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| 32 | 32 | | this state. The prohibition provided by this subsection applies |
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| 33 | 33 | | regardless of whether the wind-powered energy device is installed |
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| 34 | 34 | | or constructed at a location that is in the reinvestment zone. |
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| 35 | 35 | | SECTION 2. This Act applies only to ad valorem taxes imposed |
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| 36 | 36 | | for a tax year beginning on or after the effective date of this Act. |
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| 37 | 37 | | SECTION 3. To the extent of any conflict, this Act prevails |
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| 38 | 38 | | over another Act of the 88th Legislature, Regular Session, 2023, |
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| 39 | 39 | | regardless of the relative dates of enactment. |
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| 40 | 40 | | SECTION 4. This Act takes effect January 1, 2024. |
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