Tex. Human Resources Code Section 246.009
Optional Ad Valorem Tax Abatement

(a)

A business contracting with the department may enter into an ad valorem tax abatement agreement under Subchapters B (Designation of Reinvestment Zone) and C, Chapter 312 (Property Redevelopment and Tax Abatement Act), Tax Code, with the governing body of the municipality and county in which the business is located.

(b)

If an area in which businesses contracting with the department under this subchapter is designated as a reinvestment zone under Chapter 312 (Property Redevelopment and Tax Abatement Act), Tax Code, the area satisfies Section 312.202 (Criteria for Reinvestment Zone)(a)(6), Tax Code, in that the area would be reasonably likely as a result of the designation to contribute to the retention or expansion of primary employment or to attract major investment in the zone that would be a benefit to the property and that would contribute to the economic development of the entity designating the area as a reinvestment zone.
Transferred, redesignated and amended from Human Resources Code, Subchapter I, Chapter 61 by Acts 2011, 82nd Leg., R.S., Ch. 85 (S.B. 653), Sec. 1.008, eff. September 1, 2011.

Source: Section 246.009 — Optional Ad Valorem Tax Abatement, https://statutes.­capitol.­texas.­gov/Docs/HR/htm/HR.­246.­htm#246.­009 (accessed May 26, 2025).

Green check means up to date. Up to date

Verified:
May 26, 2025

§ 246.009. Optional Ad Valorem Tax Abatement's source at texas​.gov