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Texas Economic Development Act
Tuesday, October 19, 2010 — admin
HB 1200 was passed in 2001, and it created a mechanism for school districts to offer property tax relief to businesses undertaking major economic development projects in their community.
A school district has the authority (but not the obligation) to limit the appraised value of a specific property for a certain number of years.
Eligible categories:
- Manufacturing
- Research & Development
- Clean Coal Projects
- Gasification projects for Coal and Biomass Mixture
- Renewable Energy Generation
Contact: Kelly Violette, AICP
Executive Director
Tomball Economic Development Corporation
29201 Quinn Rd., Suite B
P.O. Box 820
Tomball, TX 77375
281-401-4086
kviolette@tomballtxedc.org
