Texas § 5002.203 DESIGNATION OF REINVESTMENT ZONE.

Texas Statutes

§ 5002.203 — DESIGNATION OF REINVESTMENT ZONE.

Texas § 5002.203

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 5002.203 (2026).

Text

Sec. 5002.203. DESIGNATION OF REINVESTMENT ZONE.

(a)Notwithstanding Subchapters B and C, Chapter 312 , Tax Code, the district may submit a written request to the commissioners court of a county in which a property owned by the district is located for the commissioners court to designate the property as a reinvestment zone for the purposes of Chapter 312 , Tax Code. The commissioners court may designate the property as a reinvestment zone if the commissioners court finds the criteria set forth in Section 312.202 , Tax Code, are met for the property as if a municipality in which the property is located were creating the zone.

(b)The commissioners court may execute a tax abatement agreement with the owner of a leasehold interest in tax-exempt real property or property owned by the district

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Sec. 5002.203. DESIGNATION OF REINVESTMENT ZONE. (a) Notwithstanding Subchapters B and C, Chapter 312 , Tax Code, the district may submit a written request to the commissioners court of a county in which a property owned by the district is located for the commissioners court to designate the property as a reinvestment zone for the purposes of Chapter 312 , Tax Code. The commissioners court may designate the property as a reinvestment zone if the commissioners court finds the criteria set forth in Section 312.202 , Tax Code, are met for the property as if a municipality in which the property is located were creating the zone.
(b) The commissioners court may execute a tax abatement agreement with the owner of a leasehold interest in tax-exempt real property or property owned by the district located in a reinvestment zone designated under this subchapter to exempt all or a portion of the value of the leasehold interest in the real property. The court may execute a tax abatement agreement with the owners of tangible personal property or an improvement located on tax-exempt real property or property owned by the district that is located in a reinvestment zone designated under this subchapter to exempt all or a portion of the value of the tangible personal property or improvement located on the real property.
(c) The other terms of an agreement entered into under this section are governed by Chapter 312 , Tax Code.

Legislative History

Added by Acts 2023, 88th Leg., R.S., Ch. 785 (H.B. 5336 ), Sec. 1, eff. June 13, 2023. Amended by: Acts 2025, 89th Leg., R.S., Ch. 269 (H.B. 2027 ), Sec. 1, eff. May 29, 2025.