HBA-TBM H.B. 2870 77(R)BILL ANALYSIS


Office of House Bill AnalysisH.B. 2870
By: Ramsay
County Affairs
7/25/2001
Enrolled



BACKGROUND AND PURPOSE 

Currently, municipalities make tax abatements such as rebates for taxes
paid on real property to certain businesses.  These incentives may draw
businesses into the city, thereby stimulating economic development. House
Bill 2870 provides counties with the same authority.   

RULEMAKING AUTHORITY

It is the opinion of the Office of House Bill Analysis that this bill does
not expressly delegate any additional rulemaking authority to a state
officer, department, agency, or institution. 

ANALYSIS

House Bill 2870 amends the Local Government Code to authorize a
commissioners court of a county to develop and administer a program for
making loans and grants of public money and providing personnel and
services of the county to stimulate business and commercial growth.  The
bill authorizes a commissioners court to develop and administer a program
for entering into a tax abatement agreement with an owner or lessee of a
property interest subject to ad valorem taxation.  

EFFECTIVE DATE

June 15, 2001.