Bill Text: TX SB1340 | 2023-2024 | 88th Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the local development agreement database maintained by the comptroller of public accounts.
Spectrum: Bipartisan Bill
Status: (Passed) 2023-06-02 - Effective on 1/1/24 [SB1340 Detail]
Download: Texas-2023-SB1340-Introduced.html
Bill Title: Relating to the local development agreement database maintained by the comptroller of public accounts.
Spectrum: Bipartisan Bill
Status: (Passed) 2023-06-02 - Effective on 1/1/24 [SB1340 Detail]
Download: Texas-2023-SB1340-Introduced.html
88R5951 SGM-F | ||
By: Zaffirini | S.B. No. 1340 |
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relating to the local development agreement database maintained by | ||
the comptroller of public accounts. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Sections 403.0246(a)(2) and (3), Government | ||
Code, are amended to read as follows: | ||
(2) "Local development agreement" means: | ||
(A) an agreement entered into by a municipality | ||
under Section 380.001 or 380.002, Local Government Code; | ||
(B) an agreement entered into by a county under | ||
Section 381.004, Local Government Code; [ |
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(C) an agreement entered into by a local | ||
government under: | ||
(i) Chapter 312, Tax Code; or | ||
(ii) Chapter 313, Tax Code, if agreements | ||
are authorized to be entered into under that chapter; or | ||
(D) any other agreement to grant or otherwise | ||
commit public money or other resources for economic development | ||
purposes by a local government under Chapter 380 or 381, Local | ||
Government Code. | ||
(3) "Local government" includes: | ||
(A) a municipality; | ||
(B) a county; | ||
(C) a school district; | ||
(D) a county industrial commission under Section | ||
381.001, Local Government Code; or | ||
(E) [ |
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381.002, Local Government Code. | ||
SECTION 2. Section 403.0246, Government Code, is amended by | ||
amending Subsections (b) and (c) and adding Subsection (h) to read | ||
as follows: | ||
(b) The comptroller shall create and make accessible on the | ||
Internet a database, to be known as the Local Development [ |
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regarding all local development agreements in this state. | ||
(c) For each local development agreement described by | ||
Subsection (b), the database must include: | ||
(1) the name of the local government that entered into | ||
the agreement; | ||
(2) a numerical code assigned to the local government | ||
by the comptroller; | ||
(3) the address of the local government's | ||
administrative offices and public contact information; | ||
(4) the name of the appropriate officer or other | ||
person representing the local government and that person's contact | ||
information; | ||
(5) the name and contact information of any entity or | ||
the entity's agent that entered into the agreement with the local | ||
government, including the business address and any assumed names of | ||
the entity; | ||
(6) the date on which the agreement went into effect | ||
and the date and terms on which the agreement expires; | ||
(7) the focus or scope of the agreement; | ||
(8) an electronic copy of the agreement; [ |
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(9) the name and contact information of the individual | ||
reporting the information to the comptroller; | ||
(10) the total monetary value of the agreement; and | ||
(11) the source of the money used or type of tax | ||
implicated by the agreement, including a sales and use tax, ad | ||
valorem tax, or hotel occupancy tax. | ||
(h) The comptroller may prescribe the form and manner in | ||
which a local government must submit information under Subsection | ||
(c). | ||
SECTION 3. Section 312.005(a), Tax Code, is amended to read | ||
as follows: | ||
(a) The comptroller shall maintain a central registry of | ||
reinvestment zones designated under this chapter and of ad valorem | ||
tax abatement agreements executed under this chapter. The chief | ||
appraiser of each appraisal district that appraises property for a | ||
taxing unit that has designated a reinvestment zone or executed a | ||
tax abatement agreement under this chapter shall deliver to the | ||
comptroller before July 1 of the year following the year in which | ||
the zone is designated or the agreement is executed a report | ||
providing the following information: | ||
(1) for a reinvestment zone, a general description of | ||
the zone, including its size, the types of property located in it, | ||
its duration, and the guidelines and criteria established for the | ||
reinvestment zone under Section 312.002, including subsequent | ||
amendments and modifications of the guidelines or criteria; | ||
(2) a copy of each tax abatement agreement to which a | ||
taxing unit that participates in the appraisal district is a party; | ||
(3) the information described by Section | ||
312.205(a)(1) of this code and Section 403.0246(c), Government | ||
Code, in connection with each tax abatement agreement described by | ||
Subdivision (2) of this subsection; and | ||
(4) any other information required by the comptroller | ||
to administer this section. | ||
SECTION 4. Subchapter A, Chapter 312, Tax Code, is amended | ||
by adding Section 312.008 to read as follows: | ||
Sec. 312.008. INTERNET LINK TO AGREEMENT. A taxing unit | ||
that maintains an Internet website and that executes a tax | ||
abatement agreement under this chapter shall provide on the website | ||
a direct link to the location of the agreement information | ||
published on the comptroller's Internet website under Section | ||
403.0246, Government Code. | ||
SECTION 5. Subchapter A, Chapter 313, Tax Code, is amended | ||
by adding Section 313.011 to read as follows: | ||
Sec. 313.011. PROVISION OF CERTAIN INFORMATION TO | ||
COMPTROLLER. (a) Not later than the 14th day after the date of | ||
entering into, amending, or renewing an agreement authorized by | ||
this chapter, a school district shall submit to the comptroller the | ||
information described by Section 403.0246(c), Government Code, and | ||
any other information the comptroller considers necessary to | ||
operate and update the database described by that section. | ||
(b) A school district shall transmit the information | ||
required by Subsection (a) in a form and manner prescribed by the | ||
comptroller. | ||
(c) If a school district submits an agreement to the | ||
comptroller under this section and the district maintains an | ||
Internet website, the district shall provide on the website a | ||
direct link to the location of the agreement information published | ||
on the comptroller's Internet website. | ||
SECTION 6. The changes in law made by this Act apply only to | ||
an agreement entered into on or after the effective date of this | ||
Act. An agreement entered into before the effective date of this | ||
Act is governed by the law in effect on the date the agreement is | ||
entered into, and the former law is continued in effect for that | ||
purpose. | ||
SECTION 7. This Act takes effect September 1, 2023. |