Bill
HB 1626
85(R) - 2017
House Ways & Means
House Ways & Means
Property taxes
Taxation
Taxes
Vote Recommendation
Neutral
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Neutral
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Neutral
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Neutral
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Neutral
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Neutral
Author(s)
Roland Gutierrez
Bill Caption
Relating
to the authority of a taxing unit other than a school district to enter
into a tax abatement agreement with an owner of real property in a tax
increment financing reinvestment zone.
Fiscal Notes
No fiscal implication to the State is anticipated.
Bill Analysis
Under current law, any taxing unit
other than a school district may enter into a tax abatement agreement with an owner
of property located in a reinvestment zone. Agreements must be approved by a
board of directors of a reinvestment zone and the governing body of a taxing
unit.
HB 1626
amends Tax Code relating to the approval of tax abatement agreements with
special property tax provisions in the tax increment financing act. The bill
would exempt agreements from being approved by either board if the taxing unit
does not deposit any tax increment into the tax increment fund.
Vote Recommendation Notes
The authority to make changes to tax abatement
agreements is within the legitimate responsibility of the government, the
provisions of this bill do not appear to have a connection to our liberty
principles. Therefore, we remain neutral on HB 1626.
Organizations Supporting
City of San Antonio
Texas Conference of Urban Counties