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Relating to the information required to be provided by the chief appraiser of an appraisal district to the comptroller in connection with the comptroller's central registry of reinvestment zones designated and ad valorem tax abatement agreements executed under the Property Redevelopment and Tax Abatement Act.
No fiscal implication to the State is anticipated.
SB 1257 would require the chief appraiser of each appraisal district in which a property tax abatement agreement is in place to deliver to the comptroller a report that lists the kind, number, and location of all proposed improvements of each property in a reinvestment zone granted a property tax abatement.
Texas Action supports SB 1257 which would increase transparency in tax reinvestment zones.