HB2027 - Relating to the authority of the Brazoria County Commissioners Court to execute tax abatement agreements for property within the Port Freeport district.

      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