Tex. Spec. Dist. Local Laws Code § 7811.155 · Subchapter D. TAX ABATEMENT IN REINVESTMENT ZONE
TAX ABATEMENT AGREEMENT: CERTIFICATED AIR CARRIER.
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 or lessee of real property that is located in a reinvestment zone to exempt from taxation for a period not to exceed 30 years a portion of the value of the real property or of personal property, or both, located in the zone and owned or leased by a certificated air carrier on the condition that the certificated air carrier:
(1) make specific real property improvements; or
(2) lease, for a term of 30 years or more, real property improvements located in the reinvestment zone.
(b) The agreement may provide for the exemption of the:
(1) real property in each year covered by the agreement to the extent its value for that year exceeds its value for the year in which the agreement is executed; and
(2) personal property owned or leased by a certificated air carrier located in the reinvestment zone in each year covered by the agreement other than specific personal property that was located in the reinvestment zone at any time before the period covered by the agreement with the district.
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 6df7e77b3419b431ab2ea33e38ce5434e0d75fe0e43998aaad0564ac35fc740c
- 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 § 7811.155. 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.