Texas Transportation Code

§ 460.601 — DEFINITION

TN § 460.601Title 6. ROADWAYS · Part K. MASS TRANSPORTATION · Ch. 460. COORDINATED COUNTY TRANSPORTATION AUTHORITIES · Art. I. PARTICIPATION IN AUTHORITY THROUGH TAX INCREMENT PAYMENTS

Statute text

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In this subchapter, "tax increment" means the amount of revenue generated from ad valorem taxes, sales and use taxes imposed by a municipality under Section 321.101(a), Tax Code, or both ad valorem and sales and use taxes that are attributable to a public transportation financing area designated under this subchapter that exceeds the amount attributable to the area for the year in which the area was designated.

Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 921 (S.B. 1422), Sec. 4, eff. September 1, 2011.