Refund for Economic Development (Texas)
Last modified on January 29, 2015.
|Applies to States or Provinces||Texas|
|Name||Refund for Economic Development (Texas)|
|Policy Category||Financial Incentive|
|Policy Type||Sales Tax Incentive|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Implementing Sector|| State/Province
|Program Administrator||Texas Comptroller's Office|
|Primary Website|| http://www.window.state.tx.us/taxinfo/proptax/tc04/ch111.htm
| Last Substantive Modification
The Refund for Economic Development under the Tax Code for state tax refunds for economic development. Some Texas property owners may be eligible to receive refunds of state sales and use taxes and franchise taxes for paying local school property taxes, subject to the following requirements. To be eligible for a refund, a property owner must have established a new business in a reinvestment zone or expanded or modernized an existing business located in the zone.
|Contact Name|| Susan Combs, Texas Comptroller
|Address||PO Box 13528, Capitol Station|
|Zip/Postal Code|| 78711-3528