Bill Text: TX HB3176 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to the Texas Economic Development Act.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2017-03-30 - Referred to Economic & Small Business Development [HB3176 Detail]
Download: Texas-2017-HB3176-Introduced.html
85R13118 CJC-D | ||
By: Button | H.B. No. 3176 |
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relating to the Texas Economic Development Act. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter A, Chapter 313, Tax Code, is amended | ||
by adding Section 313.008 to read as follows: | ||
Sec. 313.008. CONFLICT OF INTEREST. (a) A member of the | ||
board of trustees of a school district with which an application for | ||
a limitation on appraised value is filed under this chapter shall | ||
disclose in writing to the board president and the comptroller if | ||
the member has an interest in a matter related to the application or | ||
has a substantial financial interest in an entity that has a direct | ||
interest in a matter related to the application. | ||
(b) The member shall recuse himself or herself from the | ||
board's deliberations on matters relating to the application and | ||
may not participate in any decision by the board on those matters. | ||
(c) A person has a substantial financial interest in an | ||
entity if the person: | ||
(1) is an employee, member, director, or officer of | ||
the entity; or | ||
(2) owns or controls, directly or indirectly, more | ||
than a five percent interest in the entity. | ||
SECTION 2. Section 313.027(i), Tax Code, is amended to read | ||
as follows: | ||
(i) A person and the school district may not enter into an | ||
agreement under which the person agrees to provide supplemental | ||
payments to a school district or any other entity on behalf of a | ||
school district in an amount that exceeds an amount equal to the | ||
greater of $100 per student per year in average daily attendance, as | ||
defined by Section 42.005, Education Code, or $37,500 [ |
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year, or for a period that exceeds the period beginning with the | ||
period described by Section 313.021(4) and ending December 31 of | ||
the third tax year after the date the person's eligibility for a | ||
limitation under this chapter expires. This limit does not apply | ||
to amounts described by Subsection (f)(1) or (2). | ||
SECTION 3. 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 the data using any source the | ||
comptroller considers reliable. | ||
SECTION 4. Section 313.027(i), Tax Code, as amended by this | ||
Act, applies only to an agreement entered into pursuant to an | ||
application filed under Chapter 313, Tax Code, on or after the | ||
effective date of this Act. An agreement entered into pursuant to | ||
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, 2017. |