Tex. Local Government Code § 504.201
This is the official text of Tex. Local Government Code § 504.201, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 504.201. DEFINITIONS.
Official statutory text
In this subchapter:
(1) "Base taxable value" means the taxable value of property located in the defined area of a project as of January 1 of the year in which the agreement is entered into under Section 504.202.
(2) "Corresponding taxing unit" means another taxing unit that:
(A) is of the same type of political subdivision as a taxing unit that enters into an agreement under Section 504.202; and
(B) taxes property located in the defined area of a project that is the subject of the agreement.
(3) "Taxing unit" has the meaning assigned by Section 1.04, Tax Code.
(1) "Base taxable value" means the taxable value of property located in the defined area of a project as of January 1 of the year in which the agreement is entered into under Section 504.202.
(2) "Corresponding taxing unit" means another taxing unit that:
(A) is of the same type of political subdivision as a taxing unit that enters into an agreement under Section 504.202; and
(B) taxes property located in the defined area of a project that is the subject of the agreement.
(3) "Taxing unit" has the meaning assigned by Section 1.04, Tax Code.
Status: in_force · Read it on the official government site
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