Texas SB2322 modifies the criteria for the comptroller to recommend approval of an application for a limitation on taxable value of eligible property.

Texas SB2322 amends the Texas Jobs, Energy, Technology, and Innovation Act to specify the findings the comptroller must make to recommend approval of an application for a limitation on the taxable value of eligible property. The comptroller must find that the project is eligible, likely to generate sufficient tax revenue, and meets specific criteria if located in a qualified opportunity zone.

Texas SB2322 modifies the criteria for the comptroller to recommend approval of an application for a limitation on taxable value of eligible property.

Texas SB2322 amends the Texas Jobs, Energy, Technology, and Innovation Act to specify the findings the comptroller must make to recommend approval of an application for a limitation on the taxable value of eligible property. The comptroller must find that the project is eligible, likely to generate sufficient tax revenue, and meets specific criteria if located in a qualified opportunity zone.