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HB 1503, 65th R.S.

Relating to the powers and duties of municipalities with respect to tax financing; authorizing the use of tax increment financing for the redevelopment of blighted commercial areas; declaring the objectives of certain activities undertaken in conjunction with the redevelopment of commercial areas to be public purposes; providing procedures for the implementation of redevelopment programs; authorizing municipalities to issue tax increment bonds to finance redevelopment programs; providing severalbility.

Last action: Considered by committee in public hearing

Author: Bob Bush

Companion:

SB 635 (Identical)

Subjects:
City Government--General
Economic & Industrial Development--General
ECONOMICALLY DISTRESSED AREAS
Special Districts & Authorities--Miscellaneous
TAX INCREMENT ACT OF 1977, TEXAS
Taxation--Property-Miscellaneous

House Committee: Ways & Means () Minutes: May 5 1977

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