Texas § 7811.154 TAX ABATEMENT AGREEMENT.

Texas Statutes

§ 7811.154 — TAX ABATEMENT AGREEMENT.

Texas § 7811.154

Code SDSpecial District Local Laws Code

This text of Texas § 7811.154 (TAX ABATEMENT AGREEMENT.) 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. Special District Local Laws Code Code Ann. § 7811.154 (2026).

Text

Sec. 7811.154. TAX ABATEMENT AGREEMENT.

(a)The district may enter into a tax abatement agreement by agreeing, in writing, with the owner of taxable real property that is located in a reinvestment zone to exempt from taxation a portion of the value of the real property or of tangible personal property located on the real property, or both, for a period not to exceed 30 years, on the condition that the owner of the property make specific improvements or repairs to the property.

(b)The real property covered by the agreement may not be located in an improvement project financed by tax increment bonds.

(c)The agreement is subject to the rights of holders of outstanding bonds of the district.

(d)The agreement may:

(1)provide for the exemption of the real property in each year covered by the

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Sec. 7811.154. TAX ABATEMENT AGREEMENT. (a) The district may enter into a tax abatement agreement by agreeing, in writing, with the owner of taxable real property that is located in a reinvestment zone to exempt from taxation a portion of the value of the real property or of tangible personal property located on the real property, or both, for a period not to exceed 30 years, on the condition that the owner of the property make specific improvements or repairs to the property.
(b) The real property covered by the agreement may not be located in an improvement project financed by tax increment bonds.
(c) The agreement is subject to the rights of holders of outstanding bonds of the district.
(d) The agreement may:
(1) provide for the exemption of the real property in each year covered by the agreement only to the extent its value for that year exceeds its value for the year in which the agreement is executed;
(2) provide for the exemption of tangible personal property located on the real property in each year covered by the agreement other than tangible personal property that was located on the real property at any time before the period covered by the agreement with the district; and
(3) cover more than one commercial-industrial or residential project.