Texas § 246.009 OPTIONAL AD VALOREM TAX ABATEMENT.

Texas Statutes

§ 246.009 — OPTIONAL AD VALOREM TAX ABATEMENT.

Texas § 246.009

Code HRHuman Resources Code

This text of Texas § 246.009 (OPTIONAL AD VALOREM TAX ABATEMENT.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Human Resources Code Code Ann. § 246.009 (2026).

Text

Sec. 246.009. 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 designatin

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 246.009. 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.