Texas § GV.2310.302 - QUALIFIED BUSINESS
Full text of Texas The Texas Constitution § GV.2310.302 — QUALIFIED BUSINESS, with citation guidance and answers to common questions.
§ GV.2310.302. QUALIFIED BUSINESS
QUALIFIED BUSINESS. (a) A person is a qualified business if the bank, for the purpose of state benefits under this chapter, or the governing body of a readjustment zone, for the purpose of local benefits, certifies that: (1) the person is engaged in or has provided substantial commitment to initiate the active conduct of a trade or business in the readjustment zone; and (2) at least 25 percent of the person's new employees in the readjustment zone are: (A) residents of the governing jurisdiction; (B) economically disadvantaged individuals, as defined by Section 2303.402 (c); or (C) dislocated defense workers. (b) The governing body of a readjustment zone may certify a franchise or subsidiary of a new or existing business as a qualified business if the franchise or subsidiary: (1) is located entirely in the readjustment zone; and (2) maintains separate books and records of the business activity conducted in the zone. Added by Acts 1997, 75th Leg., ch. 114, Sec. 1, eff. May 19, 1997. Amended by Acts 2003, 78th Leg., ch. 814, Sec. 3.41, eff. Sept. 1, 2003.
Frequently Asked Questions About Texas § GV.2310.302
What does The Texas Constitution § GV.2310.302 cover?
Section GV.2310.302 ("QUALIFIED BUSINESS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.2310.302?
A common citation format is "The Texas Constitution § GV.2310.302" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.2310.302 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.