Sec. 3834.112. TAX INCREMENT REINVESTMENT ZONES. (a) The district is authorized to establish and implement tax increment reinvestment zones as provided in Chapter 311, Tax Code, in the same manner as a municipality.
(b) All or any part of the district may be included in a tax increment reinvestment zone, regardless of the percentage of total value the land represents to the district as a whole, or whether the land is used for residential purposes.
(c) Section 311.006, Tax Code, does not apply to a reinvestment zone that contains land within the district.
Added by Acts 2009, 81st Leg., R.S., Ch. 1082 (H.B. 4771), Sec. 1, eff. June 19, 2009.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3834 - Harris County Improvement District No. 5
Subchapter C. Powers and Duties
Section 3834.101. Additional Powers of District
Section 3834.102. Nonprofit Corporation
Section 3834.103. Agreements; Grants
Section 3834.104. Authority to Contract for Law Enforcement
Section 3834.105. Approval by City of Houston
Section 3834.106. Membership in Charitable Organizations
Section 3834.107. Removal of Dangerous Buildings
Section 3834.109. No Eminent Domain
Section 3834.110. Annexation or Exclusion of Land