Sec. 312.203. EXPIRATION OF REINVESTMENT ZONE. The designation of a reinvestment zone for residential or commercial-industrial tax abatement expires five years after the date of the designation and may be renewed for periods not to exceed five years, except that a reinvestment zone that is a state enterprise zone is designated for the same period as a state enterprise zone as provided by Chapter 2303, Government Code. The expiration of the designation does not affect an existing tax abatement agreement made under this subchapter.
Added by Acts 1987, 70th Leg., ch. 191, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 1995, 74th Leg., ch. 985, Sec. 12, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle B - Special Property Tax Provisions
Chapter 312 - Property Redevelopment and Tax Abatement Act
Subchapter B. Tax Abatement in Municipal Reinvestment Zone
Section 312.201. Designation of Reinvestment Zone
Section 312.2011. Enterprise Zone
Section 312.202. Criteria for Reinvestment Zone
Section 312.203. Expiration of Reinvestment Zone
Section 312.204. Municipal Tax Abatement Agreement
Section 312.2041. Notice of Tax Abatement Agreement to Other Taxing Units
Section 312.205. Specific Terms of Tax Abatement Agreement
Section 312.206. Tax Abatement by Other Taxing Units
Section 312.207. Approval by Governing Body
Section 312.208. Modification or Termination of Agreement
Section 312.209. Application of Nonseverability Provision
Section 312.210. Agreement by Taxing Units Relating to Property in Certain School Districts