Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A person is a qualified business if the bank, for the purpose of state benefits under this chapter, or the nominating body of a project or activity of the person under this chapter, for the purpose of local incentives, certifies that:
(1) the person is engaged in or has provided substantial commitment to initiate the active conduct of a trade or business in an enterprise zone, and at least 25 percent of the person's new permanent jobs in the enterprise zone are held by:
(A) residents of any enterprise zone in this state;
(B) economically disadvantaged individuals; or
(C) veterans; or
(2) the person is engaged in or has provided substantial commitment to initiate the active conduct of a trade or business in an area of this state that does not qualify as an enterprise zone, and at least 35 percent of the person's new permanent jobs at the qualified business site are held by:
(A) residents of any enterprise zone in this state;
(B) individuals who are economically disadvantaged; or
(C) veterans.
(b) Repealed by Acts 2003, 78th Leg., ch. 814, § 6.01(6).
(c) For the purposes of this section, an economically disadvantaged individual is an individual who:
(1) was unemployed for at least three months before obtaining employment with the qualified business;
(2) receives public assistance benefits, including welfare payments or food stamps, based on need and intended to alleviate poverty;
(3) is a low-income individual, as defined by Section 101, Workforce Investment Act of 1998 (29 U.S.C. Section 2801(25));
(4) is an individual with a disability, as defined by 29 U.S.C. Section 705(20)(A);
(5) is an inmate, as defined by Section 498.001;
(6) is entering the workplace after being confined in a facility operated by or under contract with the Texas Department of Criminal Justice for the imprisonment of individuals convicted of felonies other than state jail felonies;
(7) has been released by the Texas Juvenile Justice Department and is on parole, if state law provides for such a person to be on parole;
(8) meets the current low income or moderate income limits developed under Section 8, United States Housing Act of 1937 (42 U.S.C. Section 1437f et seq.); or
(9) was under the permanent managing conservatorship of the Department of Family and Protective Services on the day preceding the individual's 18th birthday.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 2303.402. Qualified Business - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-2303-402/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)