Texas Tax Code

§ 313.004 — LEGISLATIVE INTENT

TX § 313.004Title 3. LOCAL TAXATION · Part B. SPECIAL PROPERTY TAX PROVISIONS · Ch. 313. TEXAS ECONOMIC DEVELOPMENT ACT · Art. A. GENERAL PROVISIONS

Statute text

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It is the intent of the legislature in enacting this chapter that:

(1)economic development decisions involving school district taxes should occur at the local level with oversight by the state and should be consistent with identifiable statewide economic development goals;

(2)this chapter should not be construed or interpreted to allow:

(A)property owners to pool investments to create sufficiently large investments to qualify for an ad valorem tax benefit provided by this chapter;

(B)an applicant for an ad valorem tax benefit provided by this chapter to assert that jobs will be eliminated if certain investments are not made if the assertion is not true; or

(C)an entity not subject to the tax imposed by Chapter 171 to receive an ad valorem tax benefit provided by this chapter;

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Legislative history

Acts 2013, 83rd Leg., R.S., Ch. 1304 (H.B. 3390), Sec. 1, eff. January 1, 2014.