Texas Tax Code Title 3, Chapter 313 - Texas Economic Development Act
SUBCHAPTER A GENERAL PROVISIONS
- Texas Section 313.001 - Short Title
This chapter may be cited as the Texas Economic Development Act. Added by Acts 2001, 77th Leg., ch. 1505, Sec. 1, eff. Jan. 1, 2002.
- Texas Section 313.002 - Findings
The legislature finds that: (1) many states have enacted aggressive economic development laws designed to attract large employers, create jobs, and strengthen their economies; (2)...
- Texas Section 313.003 - Purposes
The purposes of this chapter are to: (1) encourage large-scale capital investments in this state; (2) create new, high-paying jobs in this state; (3) attract...
- Texas Section 313.004 - Legislative Intent
It is the intent of the legislature in enacting this chapter that: (1) economic development decisions involving school district taxes should occur at the local...
- Texas Section 313.005 - Definitions
Unless this chapter defines a word or phrase used in this chapter, Section 1.04 or any other section of Title 1 or this title that...
- Texas Section 313.006 - Imposition Of Impact Fee
(a) In this section, "impact fee" means a charge or assessment imposed against a qualified property, as defined by Section 313.021, in order to generate...
- Texas Section 313.007 - Expiration
Subchapters B and C expire December 31, 2022. Added by Acts 2001, 77th Leg., ch. 1505, Sec. 1, eff. Jan. 1, 2002. Amended by: Acts...
SUBCHAPTER B LIMITATION ON APPRAISED VALUE OF CERTAIN PROPERTY USED TO CREATE JOBS
- Texas Section 313.010 - Audit Of Agreements By State Auditor
(a) Each year, the state auditor shall review at least three major agreements, as determined by the state auditor, under this chapter to determine whether:...
- Texas Section 313.021 - Definitions
In this subchapter: (1) "Qualified investment" means: (A) tangible personal property that is first placed in service in this state during the applicable qualifying time...
- Texas Section 313.022 - Applicability; Categorization Of School Districts
(a) This subchapter applies to each school district in this state other than a school district to which Subchapter C applies. (b) For purposes of...
- Texas Section 313.023 - Minimum Amounts Of Qualified Investment
For each category of school district established by Section 313.022, the minimum amount of a qualified investment under Section 313.021(2)(A)(iv)(a) is as follows: CATEGORY MINIMUM...
- Texas Section 313.024 - Eligible Property
(a) This subchapter and Subchapter C apply only to property owned by an entity subject to the tax imposed by Chapter 171. (a-1) Expired. (b)...
- Texas Section 313.025 - Application; Action On Application
(a) The owner or lessee of, or the holder of another possessory interest in, any qualified property described by Section 313.021(2)(A), (B), or (C) may...
- Texas Section 313.026 - Economic Impact Evaluation
(a) The economic impact evaluation of the application must include any information the comptroller determines is necessary or helpful to: (1) the governing body of...
- Texas Section 313.0265 - Disclosure Of Appraised Value Limitation Information
(a) The comptroller shall post on the comptroller's Internet website each document or item of information the comptroller designates as substantive before the 15th day...
- Texas Section 313.027 - Limitation On Appraised Value; Agreement
(a) If the person's application is approved by the governing body of the school district, the appraised value for school district maintenance and operations ad...
- Texas Section 313.0275 - Recapture Of Ad Valorem Tax Revenue Lost
(a) Notwithstanding any other provision of this chapter to the contrary, a person with whom a school district enters into an agreement under this subchapter...
- Texas Section 313.0276 - Penalty For Failure To Comply With Job-creation Requirements
(a) The comptroller shall conduct an annual review and issue a determination as to whether a person with whom a school district has entered into...
- Texas Section 313.028 - Certain Business Information Confidential
Information provided to a school district in connection with an application for a limitation on appraised value under this subchapter that describes the specific processes...
- Texas Section 313.030 - Property Not Eligible For Tax Abatement
Property subject to a limitation on appraised value in a tax year under this subchapter is not eligible for tax abatement by a school district...
- Texas Section 313.031 - Rules And Forms; Fees
(a) The comptroller shall: (1) adopt rules and forms necessary for the implementation and administration of this chapter, including rules for determining whether a property...
- Texas Section 313.032 - Report On Compliance With Agreements
Sec. 313.032. REPORT ON COMPLIANCE WITH AGREEMENTS. (a) Before the beginning of each regular session of the legislature, the comptroller shall submit to the lieutenant...
SUBCHAPTER C LIMITATION ON APPRAISED VALUE OF PROPERTY IN STRATEGIC INVESTMENT AREA OR CERTAIN RURAL SCHOOL DISTRICTS
- Texas Section 313.033 - Report On Compliance With Job-creation Requirements
Each recipient of a limitation on appraised value under this chapter shall submit to the comptroller an annual report on a form provided by the...
- Texas Section 313.051 - Applicability
(a) In this section, "strategic investment area" means an area the comptroller determines under Subsection (a-3) is: (1) a county within this state with unemployment...
- Texas Section 313.052 - Categorization Of School Districts
For purposes of determining the required minimum amount of a qualified investment under Section 313.021(2)(A)(iv)(a) and the minimum amount of a limitation on appraised value...
- Texas Section 313.053 - Minimum Amounts Of Qualified Investment
For each category of school district established by Section 313.052, the minimum amount of a qualified investment under Section 313.021(2)(A)(iv)(a) is as follows: CATEGORYMINIMUM QUALIFIED...
SUBCHAPTER E AVAILABILITY OF TAX CREDIT AFTER PROGRAM EXPIRES OR IS REPEALED
- Texas Section 313.054 - Limitation On Appraised Value
(a) For a school district to which this subchapter applies, the amount agreed to by the governing body of the district under Section 313.027(a)(2) must...
- Texas Section 313.171 - Saving Provisions
(a) A limitation on appraised value approved under Subchapter B or C before the expiration of that subchapter continues in effect according to that subchapter...
Last modified: September 28, 2016