Tex. Spec. Dist. Local Laws Code § 3805.255 · Subchapter F. PUBLIC TRANSIT SYSTEM AND PARKING FACILITIES
PAYMENT IN LIEU OF TAXES TO OTHER TAXING UNIT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
If the district's acquisition of property for a parking facility that is leased to or operated by a private entity results in removing from a taxing unit's tax rolls real property otherwise subject to ad valorem taxation, the district shall pay to the taxing unit in which the property is located, on or before January 1 of each year, as a payment in lieu of taxes, an amount equal to the ad valorem taxes that otherwise would have been levied for the preceding tax year on that real property by the taxing unit, without including the value of any improvements constructed on the property.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 18.003(g), eff. September 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3805.htm
- Text hash
- sha256 cc6d80401ab68bef3e18251cfd7897ef10168b5ba232afbd92d276cf7e7d2f2a
- 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
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.