Tex. Spec. Dist. Local Laws Code § 7811.154 · Subchapter D. TAX ABATEMENT IN REINVESTMENT ZONE
TAX ABATEMENT AGREEMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The district may enter into a tax abatement agreement by agreeing, in writing, with the owner of taxable real property that is located in a reinvestment zone to exempt from taxation a portion of the value of the real property or of tangible personal property located on the real property, or both, for a period not to exceed 30 years, on the condition that the owner of the property make specific improvements or repairs to the property.
(b) The real property covered by the agreement may not be located in an improvement project financed by tax increment bonds.
(c) The agreement is subject to the rights of holders of outstanding bonds of the district.
(d) The agreement may:
(1) provide for the exemption of the real property in each year covered by the agreement only to the extent its value for that year exceeds its value for the year in which the agreement is executed;
(2) provide for the exemption of tangible personal property located on the real property in each year covered by the agreement other than tangible personal property that was located on the real property at any time before the period covered by the agreement with the district; and
(3) cover more than one commercial-industrial or residential project.
Notes and commentary — not statutory text
History
Added by Acts 2017, 85th Leg., R.S., Ch. 869 (H.B. 2803), Sec. 1.03, eff. April 1, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7811.htm
- Text hash
- sha256 3c44bea8ea6aa804ab64520dbff56d283f8fa28fb42046d2c37fc5ca35ff3bc0
- 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
Cited by 3 provisions
Provisions in this library whose text cites Tex. Spec. Dist. Local Laws Code § 7811.154. Each shows the citation as that text prints it.
Special District Local Laws Code
- Tex. Spec. Dist. Local Laws Code § 7811.151DESIGNATION OF REINVESTMENT ZONE.Printed as Section 7811.154 or 7811.155
- Tex. Spec. Dist. Local Laws Code § 7811.156TAX ABATEMENT AGREEMENT REQUIREMENTS.Printed as Section 7811.154 or 7811.155
- Tex. Spec. Dist. Local Laws Code § 7811.157NOTICE OF TAX ABATEMENT AGREEMENT TO OTHER TAXING UNITS.Printed as Section 7811.154 or 7811.155
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.