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89(R) HB 2027 - Enrolled version - Bill Text
H.B. No. 2027
AN ACT
relating to the authority of the Brazoria County Commissioners
Court to execute tax abatement agreements for property within the
Port Freeport district.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 5002.203, Special District Local Laws
Code, is amended to read as follows:
Sec. 5002.203. DESIGNATION OF REINVESTMENT ZONE.
(a)
Notwithstanding
Subchapters
[
Subchapter
] B
and C
, Chapter 312, Tax
Code, the district may submit a written request to the
commissioners court of a county in which a property owned by the
district is located for the commissioners court to designate the
property as a reinvestment zone [
or area
] for the purposes of
Chapter 312, Tax Code. The commissioners court may designate the
property as a reinvestment zone [
or area
] if the commissioners
court finds the criteria set forth in Section 312.202, Tax Code, are
met for the property as if a municipality in which the property is
located were creating the zone.
(b)
The commissioners court may execute a tax abatement
agreement with the owner of a leasehold interest in tax-exempt real
property or property owned by the district located in a
reinvestment zone designated under this subchapter to exempt all or
a portion of the value of the leasehold interest in the real
property.
The court may execute a tax abatement agreement with the
owners of tangible personal property or an improvement located on
tax-exempt real property or property owned by the district that is
located in a reinvestment zone designated under this subchapter to
exempt all or a portion of the value of the tangible personal
property or improvement located on the real property.
(c)
The other terms of an agreement entered into under this
section are governed by Chapter 312, Tax Code.
SECTION 2. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2025.
______________________________
______________________________
President of the Senate
Speaker of the House
I certify that H.B. No. 2027 was passed by the House on April
23, 2025, by the following vote: Yeas 129, Nays 19, 2 present, not
voting.
______________________________
Chief Clerk of the House
I certify that H.B. No. 2027 was passed by the Senate on May
19, 2025, by the following vote: Yeas 28, Nays 3.
______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor