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Title 3. Local Taxation
Subtitle B. Special Property Tax Provisions

Chapter 313. Texas Economic Development Act

Subchapter C. Limitation on Appraised Value of Property In Certain Rural School Districts.

Sec. 313.051. Applicability.
Sec. 313.052. Categorization of School Districts.
Sec. 313.053. Minimum Amounts of Qualified Investment.
Sec. 313.054. Limitation on Appraised Value.

[Sections 313.055‑313.100 reserved for expansion]

Sec. 313.051. Applicability.

(a) This subchapter applies only to a school district that has territory in a strategic investment area, as defined by Section 171.721, Tax Code, or in a county:

(1) that has a population of less than 50,000;

(2) that is not partially or wholly located in a metropolitan statistical area; and

(3) in which, from 1990 to 2000, according to the federal decennial census, the population:

(A) remained the same;

(B) decreased; or

(C) increased, but at a rate of not more than three percent per annum.

(b) The governing body of a school district to which this subchapter applies may enter into an agreement in the same manner as a school district to which Subchapter B applies may do so under Subchapter B, subject to Sections 313.052‑313.054. Except as otherwise provided by this subchapter, the provisions of Subchapter B apply to a school district to which this subchapter applies. For purposes of this subchapter, a property owner is required to create only at least 10 new jobs on the owner's qualified property. At least 80 percent of all the new jobs created must be qualifying jobs as defined by Section 313.021(3).

Added by 2001 Tex. Laws, p. 5067, ch. 1505, Sec. 1.

Sec. 313.052. Categorization of School Districts.

For purposes of determining the required minimum amount of a qualified investment under Section 313.021(2)(A)(iv)(a) and the minimum amount of a limitation on appraised value under this subchapter, school districts to which this subchapter applies are categorized according to the taxable value of industrial property in the district for the preceding tax year determined under Subchapter M, Chapter 403, Government Code, as follows:

313052 Table

Added by 2001 Tex. Laws, p. 5067, ch. 1505, Sec. 1.

Sec. 313.053. Minimum Amounts of Qualified Investment.

For each category of school district established by Section 313.052, the minimum amount of a qualified investment under Section 313.021(2)(A)(iv)(a) is as follows:

313053 Table

Added by 2001 Tex. Laws, p. 5067, ch. 1505, Sec. 1.

Sec. 313.054. Limitation on Appraised Value.

(a) For a school district to which this subchapter applies, the amount agreed to by the governing body of the district under Section 313.027(a)(2) must be an amount in accordance with the following, according to the category established by Section 313.052 to which the school district belongs:

313054 Table

(b) The limitation amounts listed in Subsection (a) are minimum amounts. A school district, regardless of category, may agree to a greater amount than those amounts.

Added by 2001 Tex. Laws, p. 5067, ch. 1505, Sec. 1.

[Sections 313.055‑313.100 reserved for expansion]