Economic Development Statutes & Codes

Following are links to statutes and codes that authorize or regulate Economic Development organizations and activities.Texas Tax Code·         Chapter 311: Tax Increment Financing
·         Chapter 312: Property Redevelopment and Tax Abatement
·         Chapter 313: Economic Development Act – ISD Value Limitations and Credits
o    Value Limitation and Tax Credits – Tx Comptroller’s Office
o    Understanding Chapter 313 – TTARA
·         Chapter 351: Municipal Hotel Occupancy Tax
o    THLA – HOT Overview for Municipalities·         Section 11.251: Freeport Exemption
·         Section 11.253: Goods in Transit Exemption
o    Freeport and Goods in Transit Exemptions – Tx Comptroller’s Office
Texas Government Code·         Chapter 2256: Public Funds Investment Act
·         Chapter 2303: Enterprise Zones
o    Enterprise Zone Resources – Tx Comptroller’s Office
Texas Local Government Code·         Chapter 372: Public Improvement Districts (PID)
·         Chapter 375: Municipal Management Districts (MMD)
·         Chapter 377: Municipal Development Districts (MDD)
·         Chapter 378: Neighborhood Empowerment Zones (NEZ)
·         Chapter 380: 380 Grants / Agreements
·         Chapter 501: Development Corporations
·         Chapter 502: Provisions Regarding Type A and B Corporations
·         Chapter 504: Type A Corporations
·         Chapter 505: Type B Corporations
LINK to all Texas StatutesLINK to Texas Attorney General Opinions on Economic Development TopicsEconomic Development Handbook-2015-TML – An easy to understand overview of all economic development programs.IRS-New Market Tax Credits-NMTC 


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