Bill Text: TX HB4485 | 2019-2020 | 86th Legislature | Introduced

Texas House Bill 4485 (Prior Session Legislation)

Introduced

Bill Title: Relating to a study of economic development incentives provided to businesses and members of the public by certain political subdivisions.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2019-03-26 - Referred to International Relations & Economic Development [HB4485 Detail]

Download: Texas-2019-HB4485-Introduced.html



	By: Muñoz, Jr.	H.B. No. 4485



	A BILL TO BE ENTITLED
	AN ACT


	relating to a study of economic development incentives provided to
	businesses and members of the public by certain political
	subdivisions.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. (a) The comptroller of public accounts shall
	conduct a study to identify the types of economic development
	incentives and the costs of those incentives provided to businesses
	and members of the public by the following political subdivisions
	during the 2018-2019 fiscal year of the political subdivision,
	including incentives designed to attract a business prospect to
	locate, stay, or expand in the political subdivision:
	(1) a county with a population of more than 700,000 and
	less than 775,000 according to the most recent federal decennial
	census; and
	(2) each municipality located in a county described by
	Subdivision (1) of this subsection.
	(b) In conducting the study, the comptroller shall, for the
	period described by Subsection (a) of this section:
	(1) identify each tax incentive, including each tax
	abatement, credit, discount, exemption, or special valuation
	provided to a business or member of the public by each political
	subdivision for economic development purposes;
	(2) identify each grant, loan, or other direct
	expenditure provided to a business or member of the public by each
	political subdivision for economic development purposes; and
	(3) determine the total cost of the economic
	development incentives identified in Subdivisions (1) and (2) of
	this subsection for each political subdivision.
	(c) Not later than June 1, 2020, the comptroller shall
	prepare and submit to the governor, lieutenant governor, and
	speaker of the house of representatives a written report containing
	the results of the study and any recommendations for legislative or
	other action.
	(d) This Act expires January 1, 2021.
	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, 2019.