Texas § HR.246.009 - OPTIONAL AD VALOREM TAX ABATEMENT
Full text of Texas The Texas Constitution § HR.246.009 — OPTIONAL AD VALOREM TAX ABATEMENT, with citation guidance and answers to common questions.
§ HR.246.009. OPTIONAL AD VALOREM TAX ABATEMENT
OPTIONAL AD VALOREM TAX ABATEMENT. (a) A business contracting with the department may enter into an ad valorem tax abatement agreement under Subchapters B and C, Chapter 312 , Tax Code, with the governing body of the municipality and county in which the business is located. (b) If an area in which businesses contracting with the department under this subchapter is designated as a reinvestment zone under Chapter 312 , Tax Code, the area satisfies Section 312.202 (a)(6), Tax Code, in that the area would be reasonably likely as a result of the designation to contribute to the retention or expansion of primary employment or to attract major investment in the zone that would be a benefit to the property and that would contribute to the economic development of the entity designating the area as a reinvestment zone. Transferred, redesignated and amended from Human Resources Code, Subchapter I, Chapter 61 by Acts 2011, 82nd Leg., R.S., Ch. 85 (S.B. 653 ), Sec. 1.008, eff. September 1, 2011.
Frequently Asked Questions About Texas § HR.246.009
What does The Texas Constitution § HR.246.009 cover?
Section HR.246.009 ("OPTIONAL AD VALOREM TAX ABATEMENT") 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 § HR.246.009?
A common citation format is "The Texas Constitution § HR.246.009" (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 § HR.246.009 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.