TX HB2027

Authorizes the Brazoria County Commissioners Court to execute tax abatement agreements with owners of leasehold interests in tax-exempt real property or property owned by Port Freeport district located in designated reinvestment zones

Allows tax abatement agreements for tangible personal property or improvements located on tax-exempt real property or district-owned property within reinvestment zones

Permits exemption of all or a portion of the value of leasehold interests, tangible personal property, or improvements under these agreements

Amends Section 5002.203 of the Special District Local Laws Code to expand the commissioners court's authority beyond just reinvestment zone designation to include executing abatement agreements

Takes effect immediately with two-thirds vote of both legislative chambers, otherwise effective September 1, 2025; passed House 129-19 on April 23, 2025 and Senate 28-3 on May 19, 2025