SB3028 amends Texas Tax Code to allow certain municipalities to designate additional qualified projects within a project financing zone.
SB3028 amends the Texas Tax Code to allow certain municipalities to designate additional qualified projects within a project financing zone. These additional projects must comply with specific requirements, including being within 1,000 feet of an already-designated qualified project and not extending the duration or boundaries of the established project financing zone. Municipalities must notify the comptroller of any added qualified projects within 30 days of adoption. The bill takes effect September 1, 2025.
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- Legal Framework
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