Tax Increment Financing Act
Texas · TX · §§ 311.001 to 311.021 · 32 sections
Overview
The act authorizes municipalities and counties to designate defined geographic areas for redevelopment and to finance improvements within them using the growth in tax revenue those improvements generate. It sets out how such a zone is created and bounded, what the governing ordinance or order must contain, which properties may qualify, and how a board of directors is composed and empowered to adopt project and financing plans. It further governs how the incremental property and sales tax revenue is measured, collected, and deposited into a dedicated fund, permits the issuance of bonds and notes backed by that fund, and requires periodic public reporting until the zone terminates.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
In the courts
Sections of this act have been cited in 5 court decisions.
Most-cited authority: 558 SW3D 232 - City of Westworth Village, Texas v. City of White Settlement, Texas
Sections covered
- Tex. Tax Code § 311.001SHORT TITLE
- Tex. Tax Code § 311.002DEFINITIONS
- Tex. Tax Code § 311.003PROCEDURE FOR CREATING REINVESTMENT ZONE1 cite
- Tex. Tax Code § 311.0031ENTERPRISE ZONE
- Tex. Tax Code § 311.004CONTENTS OF REINVESTMENT ZONE ORDINANCE OR ORDER1 cite
- Tex. Tax Code § 311.005CRITERIA FOR REINVESTMENT ZONE1 cite
- Tex. Tax Code § 311.006RESTRICTIONS ON COMPOSITION OF REINVESTMENT ZONE
- Tex. Tax Code § 311.007CHANGING BOUNDARIES OR TERM OF EXISTING ZONE
- Tex. Tax Code § 311.008POWERS OF MUNICIPALITY OR COUNTY1 cite
- Tex. Tax Code § 311.0085POWER OF CERTAIN MUNICIPALITIES
- Tex. Tax Code § 311.0087RESTRICTION ON POWERS OF CERTAIN MUNICIPALITIES
- Tex. Tax Code § 311.009COMPOSITION OF BOARD OF DIRECTORS
- Tex. Tax Code § 311.0091COMPOSITION OF BOARD OF DIRECTORS OF CERTAIN REINVESTMENT ZONES
- Tex. Tax Code § 311.0092NOTICE TO STATE SENATOR AND STATE REPRESENTATIVE; WAIVER OF SERVICE ON BOARD
- Tex. Tax Code § 311.0093BOARD OF DIRECTORS MEETINGS BY TELECOMMUNICATION DEVICE
- Tex. Tax Code § 311.010POWERS AND DUTIES OF BOARD OF DIRECTORS1 cite
- Tex. Tax Code § 311.01005COSTS ASSOCIATED WITH TRANSPORTATION OR TRANSIT PROJECTS
- Tex. Tax Code § 311.0101PARTICIPATION OF DISADVANTAGED BUSINESSES IN CERTAIN ZONES
- Tex. Tax Code § 311.011PROJECT AND FINANCING PLANS
- Tex. Tax Code § 311.012DETERMINATION OF AMOUNT OF TAX INCREMENT
- Tex. Tax Code § 311.0123SALES TAX INCREMENT
- Tex. Tax Code § 311.0125TAX ABATEMENT AGREEMENTS
- Tex. Tax Code § 311.013COLLECTION AND DEPOSIT OF TAX INCREMENTS
- Tex. Tax Code § 311.014TAX INCREMENT FUND
- Tex. Tax Code § 311.015TAX INCREMENT BONDS AND NOTES
- Tex. Tax Code § 311.016ANNUAL REPORT BY MUNICIPALITY OR COUNTY
- Tex. Tax Code § 311.0163ANNUAL REPORT BY COMPTROLLER
- Tex. Tax Code § 311.017TERMINATION OF REINVESTMENT ZONE
- Tex. Tax Code § 311.018CONFLICTS WITH MUNICIPAL CHARTER
- Tex. Tax Code § 311.019CENTRAL REGISTRY
- Tex. Tax Code § 311.020STATE ASSISTANCE
- Tex. Tax Code § 311.021ACT OR PROCEEDING PRESUMED VALID
Enacted in other states
Hawaii, Maryland, Mississippi, Rhode Island, South Carolina, West Virginia
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