Tex. Tax Code Section 312.210
Agreement by Taxing Units Relating to Property in Certain School Districts

(a)

This section applies only to a tax abatement agreement applicable to property located in a reinvestment zone with respect to which a municipality, county, and junior college district have entered into a joint agreement to offer tax abatements exempting from taxation a specified portion of the value of the property in the reinvestment zone.

(b)

A tax abatement agreement with the owner of real property or tangible personal property that is located in the reinvestment zone described by Subsection (a) and in a school district that has a local revenue level that does not exceed the level established under Section 48.257 (Local Revenue Level in Excess of Entitlement), Education Code, must exempt from taxation:

(1)

the portion of the value of the property in the amount specified in the joint agreement among the municipality, county, and junior college district; and

(2)

an amount equal to 10 percent of the maximum portion of the value of the property that may under Section 312.204 (Municipal Tax Abatement Agreement)(a) be otherwise exempted from taxation.

(c)

Repealed by Acts 2019, 86th Leg., R.S., Ch. 943 (H.B. 3), Sec. 4.001(c)(2), eff. September 1, 2019.
Added by Acts 1995, 74th Leg., ch. 1053, Sec. 1, eff. June 17, 1995. Amended by Acts 1997, 75th Leg., ch. 165, Sec. 6.84, eff. Sept. 1, 1997; Acts 2001, 77th Leg., ch. 640, Sec. 2, eff. June 13, 2001.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 943 (H.B. 3), Sec. 3.094, eff. September 1, 2019.
Acts 2019, 86th Leg., R.S., Ch. 943 (H.B. 3), Sec. 4.001(c)(2), eff. September 1, 2019.
Acts 2021, 87th Leg., R.S., Ch. 915 (H.B. 3607), Sec. 19.004, eff. September 1, 2021.

Source: Section 312.210 — Agreement by Taxing Units Relating to Property in Certain School Districts, https://statutes.­capitol.­texas.­gov/Docs/TX/htm/TX.­312.­htm#312.­210 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 312.210’s source at texas​.gov