Texas Transportation Code
§ 222.106 — MUNICIPAL TRANSPORTATION REINVESTMENT ZONES
TN § 222.106Title 6. ROADWAYS · Part B. STATE HIGHWAY SYSTEM · Ch. 222. FUNDING AND FEDERAL AID · Art. E. TOLL FACILITIES
Statute text
View on source(a)In this section:
(1)the amount of a municipality's tax increment for a year is the amount of ad valorem taxes levied and collected by the municipality for that year on the captured appraised value of real property taxable by the municipality and located in a transportation reinvestment zone under this section;
(2)the captured appraised value of real property taxable by a municipality for a year is the total appraised value of all real property taxable by the municipality and located in a transportation reinvestment zone for that year less the tax increment base of the municipality; and
(3)the tax increment base of a municipality is the total appraised value of all real property taxable by the municipality and located in a transportation reinvestment zone for the year in which the zone was designated under this section.
(b)This section applies only to a municipality in which a transportation project is to be developed under Section 222.104 or 222.108.
(c)If the governing body determines an area to be unproductive and underdeveloped and that action under this section will further the purposes stated in Section 222.105, the governing body of the municipality by ordinance may designate a contiguous geographic area in the jurisdiction of the municipality to be a transportation reinvestment zone to promote one or more transportation projects.
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Legislative history
Acts 2011, 82nd Leg., R.S., Ch. 475 (H.B. 563), Sec. 2, eff. September 1, 2011. Acts 2011, 82nd Leg., R.S., Ch. 1345 (S.B. 1420), Sec. 28, eff. September 1, 2011. Acts 2013, 83rd Leg., R.S., Ch. 114 (S.B. 1110), Sec. 3, eff. September 1, 2013.