Bill: HB 360, 86(R) - 2019
Committee
House Ways & Means
Vote Recommendation
Vote Recommendation |
Economic Freedom |
Property Rights |
Personal Responsibility |
Limited Government |
Individual Liberty |
No |
Negative |
Neutral |
Neutral |
Negative |
Neutral |
Author(s)
Jim Murphy
Dustin Burrows
Trey Martinez Fischer
Dade Phelan
Four Price
Co-Author(s)
Stan Lambert
Bill Caption
Relating to the extension of the expiration date of the Property
Redevelopment and Tax Abatement Act.
Fiscal Notes
No fiscal implication to the State is anticipated.
Bill Analysis
HB 360 would extend the Property Redevelopment and Tax Abatement Act, which provides certain taxing units with the ability to provide tax abatement agreements to property owners, for another ten years.
Vote Recommendation Notes
Texas Action opposes this bill for violating the principles of limited government and free markets. The gifting of tax exemptions and abatements to individuals and businesses unfairly increases the tax burden on other tax payers. Taxes, when necessary, should be broad-based and applied equally. To this end, the Legislature should allow the Property Redevelopment and Tax Abatement Act to expire.