Tex. Gov't Code Section 2303.504
State Tax Refunds; Report

(a)

Subject to Section 2303.516 (Monitoring Qualified Business or Enterprise Project Commitments), an enterprise project is entitled to a refund of state taxes under Section 151.429 (Tax Refunds for Enterprise Projects), Tax Code.

(b)

At the time of receipt of any tax benefit available as a result of participating in the enterprise zone program, including a state sales and use tax refund, three percent of the amount of the tax benefit shall be transferred to the Texas economic development bank fund under Subchapter B (Creation of Bank), Chapter 489 (Texas Economic Development Bank), to defray the cost of administering this chapter.

(c)

Not later than the 60th day after the last day of each fiscal year, the comptroller shall report to the bank the statewide total of actual jobs created, actual jobs retained, and the tax refunds made under this section during that fiscal year.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 2001, 77th Leg., ch. 1134, Sec. 1.02, eff. Sept. 1, 2001; Acts 2001, 77th Leg., ch. 1134, Sec. 2.02, eff. Sept. 1, 2005; Acts 2003, 78th Leg., ch. 814, Sec. 3.23, eff. Sept. 1, 2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 1114 (H.B. 3694), Sec. 16(a), eff. January 1, 2008.
Acts 2015, 84th Leg., R.S., Ch. 591 (S.B. 100), Sec. 9, eff. September 1, 2015.

Source: Section 2303.504 — State Tax Refunds; Report, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­2303.­htm#2303.­504 (accessed May 4, 2024).

2303.001
Short Title 2303.002
Purposes 2303.003
Definitions 2303.004
Jurisdiction of Municipality 2303.051
General Powers and Duties 2303.052
Bank Report Regarding Program 2303.053
Assistance 2303.054
Coordination with Other Governmental Entities 2303.101
Qualification for Enterprise Zone Designation 2303.109
Period of Designation 2303.201
Administration by Governing Body 2303.204
Liaison 2303.205
Annual Report 2303.401
Definitions 2303.402
Qualified Business 2303.403
Prohibition on Qualified Business Certification 2303.404
Request for Application for Enterprise Project Designation 2303.405
Application for Enterprise Project Designation 2303.406
Enterprise Project Designation 2303.407
Allocation of Jobs Eligible for Tax Refund 2303.408
Duration of Certain Designations 2303.501
Exemptions from State Regulation 2303.502
Review of State Agency Rules 2303.503
State Preferences 2303.504
State Tax Refunds 2303.505
Local Sales and Use Tax Refunds 2303.506
Reduction or Elimination of Local Fees or Taxes 2303.507
Tax Increment Financing and Abatement 2303.509
Development Bonds 2303.510
Industrial Development Corporation 2303.511
Other Local Incentives 2303.513
Disposition of Public Property in Enterprise Zone 2303.514
Waiver of Performance Bond 2303.515
Liability of Contractor or Architect 2303.516
Monitoring Qualified Business or Enterprise Project Commitments 2303.517
Report 2303.4051
Ordinance or Order for Identification of Local Incentives 2303.4052
Required Information from Nominating Body 2303.4071
Maximum Tax Refund 2303.4072
Enterprise Project Claim for State Benefit 2303.5055
Refund, Rebate, or Payment of Tax Proceeds to Qualified Hotel Project
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Accessed:
May 4, 2024

§ 2303.504’s source at texas​.gov