Tex. Gov't Code § 2310.302 · Subchapter E. QUALIFIED BUSINESSES AND DEFENSE READJUSTMENT PROJECTS
QUALIFIED BUSINESS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A person is a qualified business if the bank, for the purpose of state benefits under this chapter, or the governing body of a readjustment zone, for the purpose of local benefits, certifies that:
(1) the person is engaged in or has provided substantial commitment to initiate the active conduct of a trade or business in the readjustment zone; and
(2) at least 25 percent of the person's new employees in the readjustment zone are:
(A) residents of the governing jurisdiction;
(B) economically disadvantaged individuals, as defined by Section 2303.402(c); or
(C) dislocated defense workers.
(b) The governing body of a readjustment zone may certify a franchise or subsidiary of a new or existing business as a qualified business if the franchise or subsidiary:
(1) is located entirely in the readjustment zone; and
(2) maintains separate books and records of the business activity conducted in the zone.
Notes and commentary — not statutory text
History
Added by Acts 1997, 75th Leg., ch. 114, Sec. 1, eff. May 19, 1997. Amended by Acts 2003, 78th Leg., ch. 814, Sec. 3.41, eff. Sept. 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2310.htm
- Text hash
- sha256 412fb13b5697f9853dbb9976e6f9e4be0a3460725729627eedd4cdd1781a52cd
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 5 provisions
Provisions in this library whose text cites Tex. Gov't Code § 2310.302. Each shows the citation as that text prints it.
Government Code
- Tex. Gov't Code § 2310.001DEFINITIONS.Printed as Section 2310.302
- Tex. Gov't Code § 2310.301DEFINITION.Printed as Section 2310.302
- Tex. Gov't Code § 2310.306DEFENSE READJUSTMENT PROJECT DESIGNATION.Printed as Section 2310.302
- Tex. Gov't Code § 2310.401EXEMPTIONS FROM STATE REGULATION; SUSPENSION OF LOCAL REGULATION.Printed as Section 2310.302
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.