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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The Texas Economic Development and Tourism Office shall maintain a central registry of reinvestment zones governed by this subchapter and of ad valorem tax abatement agreements executed under this subchapter. Before April 1 of the year following the year in which the zone is designated or the agreement is executed, the district shall deliver to the office, the comptroller, and the Texas Commission on Environmental Quality a report that provides:
(1) for a reinvestment zone, a general description of the zone, including its size, the types of property located in it, and its duration; and
(2) for a tax abatement agreement, the parties to the agreement, a general description of the property and the improvements or repairs to be made under the agreement, the portion of the property to be exempted, and the duration of the agreement.
(b) On the request of the board or the board's president, the office may provide assistance to the district relating to the administration of this subchapter, including the designation of reinvestment zones and the adoption of tax abatement agreements. (Acts 68th Leg., R.S., Ch. 1081, Sec. 16B.)
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 7811.159. Registry of Reinvestment Zones and Tax Abatement Agreements; Assistance to District - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-7811-159/
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.
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