Loading chat...
TX SB2737
Bill
Status
3/13/2025
Primary Sponsor
Molly Cook
Click for details
AI Summary
-
Requires the board of directors of tax increment reinvestment zones (TIRZs) in municipalities with a population of at least 2 million to enter into an agreement with the city controller's office for annual financial audits
-
The city controller's office must conduct a financial audit of the reinvestment zone at least once per fiscal year
-
Applies only to TIRZs created by large municipalities (population 2 million+), which in Texas currently means Houston
-
Takes effect September 1, 2025, and applies only to fiscal years beginning on or after that date
Legislative Description
Relating to the requirement that the board of directors of certain tax increment reinvestment zones have conducted by the office of the city controller of the municipality that created the zone an annual financial audit.
Taxation
Last Action
Referred to Economic Development
4/3/2025