Bill Text: TX HB2111 | 2019-2020 | 86th Legislature | Enrolled
Bill Title: Relating to the period for which a school district's participation in certain tax increment financing reinvestment zones may be taken into account in determining the total taxable value of property in the school district.
Spectrum: Slight Partisan Bill (Democrat 6-3)
Status: (Vetoed) 2019-06-15 - Vetoed by the Governor [HB2111 Detail]
Download: Texas-2019-HB2111-Enrolled.html
| H.B. No. 2111 | ||
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| relating to the period for which a school district's participation | ||
| in certain tax increment financing reinvestment zones may be taken | ||
| into account in determining the total taxable value of property in | ||
| the school district. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 403.302, Government Code, is amended by | ||
| adding Subsection (e-2) to read as follows: | ||
| (e-2) This subsection applies only to a reinvestment zone | ||
| created by a municipality that has a population of 1.1 million or | ||
| more and is predominantly located in a county that has a population | ||
| of 1.8 million or less. Notwithstanding Subsection (e), if the | ||
| municipality adopts an ordinance designating a termination date for | ||
| the zone that is later than the termination date designated in the | ||
| ordinance creating the zone, the number of years for which the total | ||
| dollar amount may be deducted under Subsection (d)(4) is limited to | ||
| the duration of the zone as determined under Section 311.017, Tax | ||
| Code. | ||
| SECTION 2. This Act takes effect September 1, 2019. | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I certify that H.B. No. 2111 was passed by the House on April | ||
| 25, 2019, by the following vote: Yeas 91, Nays 41, 2 present, not | ||
| voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| I certify that H.B. No. 2111 was passed by the Senate on May | ||
| 21, 2019, by the following vote: Yeas 24, Nays 6, 1 present, not | ||
| voting. | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| APPROVED: _____________________ | ||
| Date | ||
| _____________________ | ||
| Governor | ||
