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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The district may include in a tax abatement agreement:
(1) facilities and structures for which construction began on or after October 1, 1990, but before June 10, 1991;
(2) existing facilities and structures for which expansion or modernization construction began on or after October 1, 1990, but before June 10, 1991; and
(3) tangible personal property located on property described by Subdivision (1) or (2) in each year covered by the agreement, other than tangible personal property that was located on the property at any time before the time period covered by the agreement.
(b) A tax abatement agreement made under this section may be based on the value of the property on January 1 of the year in which the construction, expansion, or modernization of the property began. (Acts 72nd Leg., R.S., Ch. 318, Sec. 2.)
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 7811.160. Properties That May Be Included in Tax Abatement Agreement - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-7811-160/
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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