Bill Text: TX HB2826 | 2015-2016 | 84th Legislature | Enrolled


Bill Title: Relating to the eligibility of certain property located in multiple school districts for a limitation on appraised value for school district maintenance and operations ad valorem tax purposes under the Texas Economic Development Act.

Spectrum: Partisan Bill (Republican 4-0)

Status: (Vetoed) 2015-06-20 - Vetoed by the Governor [HB2826 Detail]

Download: Texas-2015-HB2826-Enrolled.html
 
 
  H.B. No. 2826
 
 
 
 
AN ACT
  relating to the eligibility of certain property located in multiple
  school districts for a limitation on appraised value for school
  district maintenance and operations ad valorem tax purposes under
  the Texas Economic Development Act.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subchapter B, Chapter 313, Tax Code, is amended
  by adding Section 313.0255 to read as follows:
         Sec. 313.0255.  PROJECT LOCATED IN MULTIPLE SCHOOL
  DISTRICTS. (a) This section applies only to a single unified
  project that is located in more than one but not more than three
  school districts, each of which is contiguous to another school
  district in which the projec
  t is located and at least one of which
  is a school district to which this subchapter applies.
         (b)  Except as otherwise provided by this section, the
  provisions of this subchapter applicable to a project that is
  located in only one school district apply to a project to which this
  section applies, including the provisions governing the
  application and approval process. This section does not affect the
  requirement that each school district from which the applicant
  desires a limitation on appraised value of the applicant's property
  for school district maintenance and operations ad valorem tax
  purposes enter into an agreement with the applicant under Section
  313.027 in order for the applicant to receive a limitation from that
  school district. Except as otherwise provided by this section, this
  section does not affect the terms of an agreement between the
  applicant and a school district under Section 313.027 as prescribed
  by that section.
         (c)  For purposes of determining the required minimum amount
  of a qualified investment under Section 313.021(2)(A)(iv)(a) and
  the minimum amount of a limitation on appraised value under Section
  313.027(b), a project is considered to be located in the school
  district in which the project is located that has the highest
  taxable value of property for the preceding tax year as determined
  under Subchapter M, Chapter 403, Government Code.
         (d)  The minimum amount of the limitation on appraised value
  to which a school district may agree under Section 313.027(b) is
  equal to the amount specified by that subsection for the applicable
  category of school district as determined in accordance with
  Subsection (c) of this section multiplied by a fraction the
  numerator of which is the amount of qualified investment made in the
  school district in connection with the project and the denominator
  of which is the total amount of qualified investment made in
  connection with the project.
         (e)  In determining whether property on which a project is
  located meets the requirements of Section 313.024 for eligibility
  for a limitation on appraised value under this subchapter, the
  comptroller shall consider whether the project as a whole would
  meet those requirements were the project located at one site in a
  single school district.
         SECTION 2.  Section 313.032(c), Tax Code, is amended to read
  as follows:
         (c)  The portion of the report described by Subsection (a)(2)
  must be based on data certified to the comptroller by each recipient
  or former recipient of a limitation on appraised value under this
  chapter. The comptroller shall verify a random sample of the data
  submitted under this section using information from the Texas
  Workforce Commission, the chief appraiser of the applicable
  appraisal district, or other sources the comptroller considers
  reliable. The random sample used to verify data under this section
  must constitute not less than 33 percent of the data used by the
  comptroller to prepare the report. Information provided under this
  section that contains personal identifying information of an
  individual is confidential and not subject to disclosure under
  Chapter 552, Government Code, or Chapter 111, Tax Code.
         SECTION 3.  Subchapter C, Chapter 313, Tax Code, is amended
  by adding Section 313.055 to read as follows:
         Sec. 313.055.  PROJECT LOCATED IN MULTIPLE SCHOOL DISTRICTS.
  Section 313.0255 applies to a single unified project that is
  located in more than one school district but not more than three
  school districts, each of which is contiguous to another school
  district in which the project is located and is a school district to
  which this subchapter applies, in the same manner as that section
  applies to a project described by Section 313.0255(a), except that
  for purposes of Section 313.0255(c) the project is considered to be
  located in the school district in which the project is located that
  has the highest taxable value of industrial property for the
  preceding tax year as determined under Subchapter M, Chapter 403,
  Government Code.
         SECTION 4.  This Act applies only to an application filed
  under Chapter 313, Tax Code, on or after the effective date of this
  Act. An application filed under that chapter before the effective
  date of this Act is governed by the law in effect on the date the
  application was filed, and the former law is continued in effect for
  that purpose.
         SECTION 5.  This Act takes effect September 1, 2015.
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
 
         I certify that H.B. No. 2826 was passed by the House on May 5,
  2015, by the following vote:  Yeas 131, Nays 12, 3 present, not
  voting; and that the House concurred in Senate amendments to H.B.
  No. 2826 on May 29, 2015, by the following vote:  Yeas 139, Nays 4,
  2 present, not voting.
 
  ______________________________
  Chief Clerk of the House   
 
         I certify that H.B. No. 2826 was passed by the Senate, with
  amendments, on May 26, 2015, by the following vote:  Yeas 19, Nays
  12.
 
  ______________________________
  Secretary of the Senate   
  APPROVED: __________________
                  Date       
   
           __________________
                Governor       
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