Texas Statutes (Last Updated: January 4, 2014) |
TAX CODE |
Title 3. LOCAL TAXATION |
Subtitle B. SPECIAL PROPERTY TAX PROVISIONS |
Chapter 313. TEXAS ECONOMIC DEVELOPMENT ACT |
Subchapter B. LIMITATION ON APPRAISED VALUE OF CERTAIN PROPERTY USED TO CREATE JOBS |
Sec. 313.032. REPORT ON COMPLIANCE WITH AGREEMENTS
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(a) Before the beginning of each regular session of the legislature, the comptroller shall submit to the lieutenant governor, the speaker of the house of representatives, and each other member of the legislature a report assessing the progress of each agreement made under this chapter. The report must be based on data certified to the comptroller by each recipient of a limitation on appraised value under this subchapter and state for each agreement:
(1) the number of qualifying jobs each recipient of a limitation on appraised value committed to create;
(2) the number of qualifying jobs each recipient created;
(3) the median wage of the new jobs each recipient created;
(4) the amount of the qualified investment each recipient committed to spend or allocate for each project;
(5) the amount of the qualified investment each recipient spent or allocated for each project;
(6) the market value of the qualified property of each recipient as determined by the applicable chief appraiser;
(7) the limitation on appraised value for the qualified property of each recipient;
(8) the dollar amount of the taxes that would have been imposed on the qualified property if the property had not received a limitation on appraised value;
(9) the dollar amount of the taxes imposed on the qualified property;
(10) the number of new jobs created by each recipient in each sector of the North American Industry Classification System; and
(11) of the number of new jobs each recipient created, the number of jobs created that provide health benefits for employees.
(b) The report may not include information that is confidential by law.
(c) The comptroller may require a recipient to submit, on a form the comptroller provides, information required to complete the report.