81st Texas Legislature, Regular Session, House Bill 3896, Chapter 1195 Page: 3 of 5
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H.B. No. 3896
1 abatement agreement with the owner of tangible personal property or
2 an improvement located on tax-exempt real property that is located
3 in a designated reinvestment zone to exempt all or a portion of the
4 value of the tangible personal property or improvement located on
5 the real property.
6 (a-2) The execution, duration, and other terms of an
7 agreement entered into under this section are governed by the
8 provisions of Sections 312.204, 312.205, and 312.211 applicable to
9 a municipality. Section 312.2041 applies to an agreement entered
10 into under this section in the same manner as that section applies
11 to an agreement entered into under Section 312.204 or 312.211.
12 (a-3) The commissioners court may execute a tax abatement
13 agreement with a lessee of taxable real property located in a
14 reinvestment zone designated under this subchapter to exempt from
15 taxation all or a portion of the value of the fixtures,
16 improvements, or other real property owned by the lessee and
17 located on the property that is subject to the lease, all or a
18 portion of the value of tangible personal property owned by the
19 lessee and located on the real property that is the subject of the
20 lease, or all or a portion of the value of both the fixtures,
21 improvements, or other real property and the tangible personal
22 property described by this subsection.
23 SECTION 4. Section 312.007, Tax Code, as added by this Act,
24 is intended to clarify rather than change existing law.
25 SECTION 5. An ad valorem tax abatement agreement that was
26 executed before the effective date of this Act by the commissioners
27 court of a county and an owner of taxable real property or tangible
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Texas. Legislature. House of Representatives. 81st Texas Legislature, Regular Session, House Bill 3896, Chapter 1195, legislative document, June 19, 2009; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth148789/m1/3/: accessed April 24, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.