Texas 2025 - 89th Regular

Texas Senate Bill SB489 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	89R1820 DRS-D
2	2	By: Miles, et al. S.B. No. 489
3	3
4	4
5	5
6	6
7	7	A BILL TO BE ENTITLED
8	8	AN ACT
9	9	relating to a requirement that a person provide or contribute to the
10	10	cost of child care for the person's employees in order to be
11	11	eligible to receive a limitation on the taxable value of the
12	12	person's property for school district maintenance and operations ad
13	13	valorem tax purposes.
14	14	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
15	15	SECTION 1. Section 403.612, Government Code, is amended by
16	16	amending Subsection (b) and adding Subsection (c-1) to read as
17	17	follows:
18	18	(b) An agreement entered into under this section between the
19	19	governor, a school district, and an applicant pertaining to an
20	20	eligible project shall:
21	21	(1) specify the project to which the agreement
22	22	applies;
23	23	(2) specify the term of the agreement, which must:
24	24	(A) begin on the date the agreement is entered
25	25	into; and
26	26	(B) end on December 31 of the third tax year
27	27	following the end of the incentive period;
28	28	(3) specify the construction and incentive periods for
29	29	the project;
30	30	(4) specify the manner for determining the taxable
31	31	value for school district maintenance and operations ad valorem tax
32	32	purposes during the incentive period under Section 403.605 for the
33	33	eligible property subject to the agreement;
34	34	(5) specify the applicable jobs and investment
35	35	requirements prescribed by Section 403.604 and require the
36	36	applicant to comply with those requirements;
37	37	(6) require that the average annual wage paid to all
38	38	persons employed by the applicant in connection with the project
39	39	used to calculate total jobs exceed 110 percent of the average
40	40	annual wage for all jobs in the applicable industry sector during
41	41	the most recent four quarters for which data is available, as
42	42	computed by the Texas Workforce Commission, with the applicant's
43	43	average annual wage being equal to the quotient of:
44	44	(A) the applicant's total wages paid, other than
45	45	wages paid for construction jobs, as reported under Section
46	46	403.616(c)(4); and
47	47	(B) the applicant's number of total jobs as
48	48	reported under Section 403.616(c)(3);
49	49	(7) require the applicant to pay a penalty prescribed
50	50	by Section 403.614 if the applicant fails to comply with an
51	51	applicable jobs or wage requirement;
52	52	(8) require the applicant to offer and contribute to a
53	53	group health benefit plan for each employee of the applicant who is
54	54	employed in a full-time job;
55	55	(8-a) subject to Subsection (c-1), require the
56	56	applicant to provide as a benefit of employment for each employee of
57	57	the applicant who is employed in a full-time job at the site of the
58	58	project:
59	59	(A) child care provided by a licensed child-care
60	60	center:
61	61	(i) that is operated on-site by the
62	62	applicant; or
63	63	(ii) with which the applicant enters into a
64	64	contract; or
65	65	(B) payment of not less than 50 percent of the
66	66	employee's costs for child care;
67	67	(9) require the applicant, at the time the applicant
68	68	executes the agreement, to execute a performance bond in an amount
69	69	the comptroller determines to be reasonable and necessary to
70	70	protect the interests of the state and the district and conditioned
71	71	on the applicant's compliance with the terms of the agreement;
72	72	(10) authorize the governor or the district to
73	73	terminate the agreement as provided by Subsection (d); and
74	74	(11) incorporate each relevant provision of this
75	75	subchapter.
76	76	(c-1) This subsection applies to a term described by
77	77	Subsection (b)(8-a). The agreement must require the applicant to
78	78	provide the benefit described by that subsection to eligible
79	79	employees beginning on January 1 of the tax year following the first
80	80	year that a report submitted by the applicant under Section 403.616
81	81	shows that the number of required jobs created by the project at the
82	82	site of the project is 100 or more.
83	83	SECTION 2. The change in law made by this Act applies only
84	84	to an agreement limiting the taxable value of property entered into
85	85	under Subchapter T, Chapter 403, Government Code, as added by
86	86	Chapter 377 (H.B. 5), Acts of the 88th Legislature, Regular
87	87	Session, 2023, on or after the effective date of this Act. An
88	88	agreement limiting the taxable value of property entered into under
89	89	that subchapter before the effective date of this Act is governed by
90	90	the law in effect on the date the agreement was entered into, and
91	91	the former law is continued in effect for that purpose.
92	92	SECTION 3. This Act takes effect September 1, 2025.