House
File
645
H-1397
Amend
the
Senate
amendment,
H-1387,
to
House
File
1
645,
as
passed
by
the
House,
as
follows:
2
1.
Page
1,
after
line
4
by
inserting:
3
<
Sec.
___.
NEW
SECTION
.
404.2A
New
development
4
revitalization
areas
——
local
taxing
authority
approval.
5
1.
If
the
revitalization
area
is
a
new
development
6
revitalization
area,
a
tax
exemption
schedule
7
authorized
under
this
chapter
for
which
the
exemption
8
period
begins
on
or
after
July
1,
2015,
shall
not
take
9
effect
until
the
governing
body
of
each
local
taxing
10
authority
authorized
to
certify
a
levy
on
property
11
located
within
the
area
comprising
the
revitalization
12
area
has
adopted
a
resolution
authorizing
the
tax
13
exemption
schedule.
14
2.
For
the
purposes
of
this
subsection,
“new
15
development
revitalization
area”
means
a
revitalization
16
area
that
meets
all
of
the
following
conditions:
17
a.
Is
designated
in
whole
or
in
part
under
section
18
404.1,
subsection
5,
or
is
comprised
of
property
in
19
which
less
than
fifty
percent
of
the
property
meets
20
the
description
of
conditions
under
section
404.1,
21
subsections
1
and
2.
22
b.
Provides
or
proposes
an
exemption
under
this
23
chapter
from
taxation
on
value
added
by
improvements
to
24
single-family
residential
property.
25
c.
Is
either
established
by
a
city
and
covers
26
at
least
eighty
percent
of
the
area
within
the
city
27
limits
or
is
established
by
a
county
and
covers
at
28
least
eighty
percent
of
the
unincorporated
area
of
the
29
county.
>
30
2.
Page
5,
line
37,
after
<
credits
>
by
inserting
31
<
and
urban
revitalization
areas
>
32
3.
By
renumbering
as
necessary.
33
______________________________
WATTS
of
Dallas
-1-
H1387.2263
(1)
86
md/sc
1/
1
#1.
#2.
#3.