DEFINITIONS.
Tex. LOC. GOV'T Code § 504.201.
in effectIn this subchapter:
(1) "Base taxable value" means the taxable value of property located in the defined area of a project as of January 1 of the year in which the agreement is entered into under Section 504.202 .
(2) "Corresponding taxing unit" means another taxing unit that:
(A) is of the same type of political subdivision as a taxing unit that enters into an agreement under Section 504.202 ; and
(B) taxes property located in the defined area of a project that is the subject of the agreement.
(3) "Taxing unit" has the meaning assigned by Section 1.04 , Tax Code.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 3.01, eff. April 1, 2009.