By: Sheffield (Senate Sponsor - Fraser)	H.B. No. 3465
	(In the Senate - Received from the House April 27, 2011;
	May 3, 2011, read first time and referred to Committee on Economic
	Development; May 13, 2011, reported favorably by the following
	vote:  Yeas 6, Nays 0; May 13, 2011, sent to printer.)

	A BILL TO BE ENTITLED
	AN ACT
	relating to the period for which a school district's participation
	in certain tax increment financing reinvestment zones may be taken
	into account in determining the total taxable value of property in
	the school district.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1.  Section 403.302, Government Code, is amended by
	adding Subsection (e-1) to read as follows:
	(e-1)  This subsection applies only to a reinvestment zone
	created by a municipality that has a population of 70,000 or less
	and is located in a county in which all or part of a military
	installation is located. Notwithstanding Subsection (e), if on or
	after January 1, 2017, the municipality adopts an ordinance
	designating a termination date for the zone that is later than the
	termination date designated in the ordinance creating the zone, the
	number of years for which the total dollar amount may be deducted
	under Subsection (d)(4) is limited to the duration of the zone as
	determined under Section 311.017, Tax Code.
	SECTION 2.  This Act takes effect September 1, 2011.
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