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Texas Enterprise Zone Amendments and Tax Increment Plans
The text outlines pending federal legislation to allow states and subdivisions to designate reinvestment zones as enterprise zones with tax incentives to spur redevelopment. It details Senate Bills 16 and 17 from the 67th Legislature, governing exemptions and tax increment financing, eligibility, term limits, and governance, with arguments for and against these tools, including potential impacts on property taxes, local budgets, and private development.
MENTIONED IN THIS ARTICLE
Texas
Senate