Sec. 490G.001. DEFINITIONS. In this chapter:
(1) "Board" means the Economic Incentive Oversight Board.
(2) "Monetary incentive" means a grant, loan, or other form of monetary incentive paid from state revenues, including a state trust fund, that a business entity or other person may receive in exchange for or as a result of conducting an activity with an economic development purpose.
(2-a) "Rural county" means a county with a population of less than 60,000.
(3) "Tax incentive" means any exemption, deduction, credit, exclusion, waiver, rebate, discount, deferral, or other abatement or reduction of state tax liability of a business entity or other person that the person may receive in exchange for or as a result of conducting an activity with an economic development purpose.
Added by Acts 2015, 84th Leg., R.S., Ch. 915 (H.B. 26), Sec. 2.01, eff. September 1, 2015.
Structure Texas Statutes
Subtitle F - Commerce and Industrial Development
Chapter 490G - Economic Incentive Oversight Board
Section 490G.002. Establishment and Composition
Section 490G.003. Presiding Officer
Section 490G.005. Review of Certain State Incentive Programs; Performance Matrix
Section 490G.006. Schedule of Review; Recommendation to Legislative Audit Committee
Section 490G.007. Biennial Report