By: Vasut, Barry H.B. No. 2027
A BILL TO BE ENTITLED
AN ACT
relating to the authority of the Brazoria County Commissioners
Court to execute tax abatement agreements for property within the
Port Freeport district.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 5002.203, Special District Local Laws
Code, is amended to read as follows:
Sec. 5002.203. DESIGNATION OF REINVESTMENT ZONE. (a)
Notwithstanding Subchapters B and C, Chapter 312, Tax Code, the
district may submit a written request to the commissioners court of
a county in which a property owned by the district is located for
the commissioners court to designate the property as a reinvestment
zone [or area] for the purposes of Chapter 312, Tax Code. The
commissioners court may designate the property as a reinvestment
zone [or area] if the commissioners court finds the criteria set
forth in Section 312.202, Tax Code, are met for the property as if a
municipality in which the property is located were creating the
zone.
(b) The commissioners court may execute a tax abatement
agreement with the owner of a leasehold interest in tax-exempt real
property or property owned by the district located in a
reinvestment zone designated under this subchapter to exempt all or
a portion of the value of the leasehold interest in the real
property. The court may execute a tax abatement agreement with the
owners of tangible personal property or an improvement located on
tax-exempt real property or property owned by the district that is
located in a reinvestment zone designated under this subchapter to
exempt all or a portion of the value of the tangible personal
property or improvement located on the real property.
(c) The other terms of an agreement entered into under this
section are governed by Chapter 312, Tax Code.
SECTION 2. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2025.