SB2539 • 2025

Relating to the adoption of an ordinance issuing a tax increment bond by certain municipalities that have designated a tax increment reinvestment zone.

Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Bettencourt
Last action: 2025-05-26
Official status: 05/26/2025 H Placed on General State Calendar
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Relating to the adoption of an ordinance issuing a tax increment bond by certain municipalities that have designated a tax increment reinvestment zone.

What This Bill Does

Relating to the adoption of an ordinance issuing a tax increment bond by certain municipalities that have designated a tax increment reinvestment zone.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2025-05-26 Texas Legislature Online
Placed on General State Calendar
2025-05-24 Texas Legislature Online
Considered in Calendars
2025-05-23 Texas Legislature Online
Comte report filed with Committee Coordinator
2025-05-23 Texas Legislature Online
Committee report distributed
2025-05-23 Texas Legislature Online
Committee report sent to Calendars
2025-05-21 Texas Legislature Online
Considered in formal meeting
2025-05-21 Texas Legislature Online
Reported favorably w/o amendment(s)
2025-05-19 Texas Legislature Online
Scheduled for public hearing on . . .
2025-05-19 Texas Legislature Online
Considered in public hearing
2025-05-19 Texas Legislature Online
Testimony taken/registration(s) recorded in committee
2025-05-19 Texas Legislature Online
Left pending in committee
2025-05-12 Texas Legislature Online
Read first time
2025-05-12 Texas Legislature Online
Referred to Ways & Means
2025-05-09 Texas Legislature Online
Placed on local & uncontested calendar
2025-05-09 Texas Legislature Online
Laid before the Senate
2025-05-09 Texas Legislature Online
Read 2nd time & passed to engrossment
2025-05-09 Texas Legislature Online
Vote recorded in Journal
2025-05-09 Texas Legislature Online
Three day rule suspended
2025-05-09 Texas Legislature Online
Record vote
2025-05-09 Texas Legislature Online
Read 3rd time
2025-05-09 Texas Legislature Online
Passed
2025-05-09 Texas Legislature Online
Record vote
2025-05-09 Texas Legislature Online
Reported engrossed
2025-05-09 Texas Legislature Online
Received from the Senate
2025-04-28 Texas Legislature Online
Reported favorably w/o amendments
2025-04-28 Texas Legislature Online
Recommended for local & uncontested calendar
2025-04-28 Texas Legislature Online
Committee report printed and distributed
2025-04-24 Texas Legislature Online
Considered in public hearing
2025-04-24 Texas Legislature Online
Vote taken in committee
2025-04-23 Texas Legislature Online
Scheduled for public hearing on . . .
2025-04-23 Texas Legislature Online
Considered in public hearing
2025-04-23 Texas Legislature Online
Testimony taken in committee
2025-04-23 Texas Legislature Online
Left pending in committee
2025-04-03 Texas Legislature Online
Read first time
2025-04-03 Texas Legislature Online
Referred to Economic Development
2025-03-13 Texas Legislature Online
Received by the Secretary of the Senate
2025-03-13 Texas Legislature Online
Filed

Official Summary Text

Relating to the adoption of an ordinance issuing a tax increment bond by certain municipalities that have designated a tax increment reinvestment zone.

Current Bill Text

Read the full stored bill text

89(R) SB 2539 - House Committee Report version - Bill Text

By: Bettencourt

S.B. No. 2539

(Vasut)

A BILL TO BE ENTITLED

AN ACT

relating to the adoption of an ordinance issuing a tax increment

bond by certain municipalities that have designated a tax increment

reinvestment zone.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Section 311.015, Tax Code, is amended by

amending Subsection (c) and adding Subsection (c-1) to read as

follows:

(c)
Subject to Subsection (c-1), tax
[
Tax
] increment bonds

are issued by ordinance of the municipality without any additional

approval other than that of the attorney general.

(c-1)

A municipality may adopt an ordinance to issue a tax

increment bond under Subsection (c) only if:

(1)

the municipality provides reasonable written

notice to each property owner in the reinvestment zone of the date

and time of the public hearing at which the municipality intends to

adopt the ordinance; and

(2)

the ordinance receives an affirmative vote of at

least a majority of the members of the governing body of the

municipality voting only on the question of the adoption.

SECTION 2. The changes in law made by this Act apply only to

an ordinance adopted by a municipality on or after the effective

date of this Act and do not affect the validity of a bond or other

obligation issued by a municipality under Chapter 311, Tax Code,

before the effective date of this Act.

SECTION 3. 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.