Relating to the authority of the Brazoria County Commissioners Court to execute tax abatement agreements for property within the Port Freeport district.

HB 2027 allows Brazoria County's Commissioners Court to create "reinvestment zones" within the Port Freeport district and negotiate tax exemptions for specific properties. It directly affects property owners, leaseholders, and businesses with improvements on tax-exempt real property or district-owned land in that zone. The bill enables the county to reduce or eliminate property taxes on leasehold interests, tangible personal property, or improvements by entering formal agreements under Chapter 312 of the Tax Code. This provides a mechanism for targeted tax relief to encourage development and investment in the Port Freeport area.