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) On or before the 150th day following the end of the fiscal year of the municipality or county, the governing body of a municipality or county shall submit to the chief executive officer of each taxing unit that levies property taxes on real property in a reinvestment zone created by the municipality or county a report on the status of the zone. The report must include:
(1) the amount and source of revenue in the tax increment fund established for the zone;
(2) the amount and purpose of expenditures from the fund;
(3) the amount of principal and interest due on outstanding bonded indebtedness;
(4) the tax increment base and current captured appraised value retained by the zone; and
(5) the captured appraised value shared by the municipality or county and other taxing units, the total amount of tax increments received, and any additional information necessary to demonstrate compliance with the tax increment financing plan adopted by the governing body of the municipality or county.
(b) The municipality or county shall send a copy of a report made under this section to the comptroller.
Cite this article: FindLaw.com - Texas Tax Code - TAX § 311.016. Annual Report by Municipality or County - last updated January 01, 2024 | https://codes.findlaw.com/tx/tax-code/tax-sect-311-016/
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)