Sec. 7811.159. REGISTRY OF REINVESTMENT ZONES AND TAX ABATEMENT AGREEMENTS; ASSISTANCE TO DISTRICT. (a) The Texas Economic Development and Tourism Office shall maintain a central registry of reinvestment zones governed by this subchapter and of ad valorem tax abatement agreements executed under this subchapter. Before April 1 of the year following the year in which the zone is designated or the agreement is executed, the district shall deliver to the office, the comptroller, and the Texas Commission on Environmental Quality a report that provides:
(1) for a reinvestment zone, a general description of the zone, including its size, the types of property located in it, and its duration; and
(2) for a tax abatement agreement, the parties to the agreement, a general description of the property and the improvements or repairs to be made under the agreement, the portion of the property to be exempted, and the duration of the agreement.
(b) On the request of the board or the board's president, the office may provide assistance to the district relating to the administration of this subchapter, including the designation of reinvestment zones and the adoption of tax abatement agreements.
Added by Acts 2017, 85th Leg., R.S., Ch. 869 (H.B. 2803), Sec. 1.03, eff. April 1, 2019.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle E - Levee Improvement Districts
Chapter 7811 - Dallas County Flood Control District No. 1
Subchapter D. Tax Abatement in Reinvestment Zone
Section 7811.151. Designation of Reinvestment Zone
Section 7811.152. Criteria for Reinvestment Zone
Section 7811.153. Expiration of Reinvestment Zone
Section 7811.154. Tax Abatement Agreement
Section 7811.155. Tax Abatement Agreement: Certificated Air Carrier
Section 7811.156. Tax Abatement Agreement Requirements
Section 7811.157. Notice of Tax Abatement Agreement to Other Taxing Units
Section 7811.158. Modification or Termination of Tax Abatement Agreement
Section 7811.160. Properties That May Be Included in Tax Abatement Agreement