SB1023

The introduced, Senate committee, engrossed and House committee versions had the same operative wording. Representative Troxclair’s sole indexed amendment, adopted on House third reading May 10, rewrote the documentation language: instead of directing a hyperlink “for each entry,” the final wording requires a hyperlink on the form to a document supporting each non-calculation entry. The Senate concurred May 14, and both amendment changes appear in the enrolled act. Do not read the earlier per-entry-link wording as the final requirement. Text versions; Amendment index; Troxclair amendment; Final law.

The separate-zone requirement does not replace the existing adjustment rules. The value exclusion covers the corresponding share of captured value—generally the value above the zone’s tax-increment base—not already counted as new property value. A tax-increment exclusion is unavailable in a calculation if there is no corresponding captured-value exclusion for that same zone. SB1023 requires these adjustments zone by zone; it does not create a new zone or change an agreed contribution to its fund. Pre-act Tax Code 26.03; Pre-act Tax Code 26.012, definition (17); Pre-act Tax Code 311.012; Final law.

Compare the published text versions in the official text index. A change is not attributed to a specific amendment here without a verified record.

Taxpayers and officials can trace worksheet inputs to supporting documentation, while local calculation staff must prepare the links and separate-zone figures and the comptroller must adapt the forms. These changes may make the calculations easier to check, but the bill does not quantify tax savings or establish that any particular local rate will fall. The March 8 introduced fiscal note and May 12 note for the House-passed version, also posted under the enrolled listing, anticipate no significant state or local fiscal implication; they give no dollar estimate of compliance costs or taxpayer savings. Final law; Introduced fiscal note; House-passed fiscal note; Note under enrolled listing.