Reinvestment Zone definition

Reinvestment Zone means that certain Reinvestment Zone, as that term is defined by Chapter 312 of the Texas Tax Code, created by Gray County by that certain resolution dated [ , 2023] duly passed by the Gray County Commissioners Court, a copy of which is attached hereto as Exhibit ▇.

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Reinvestment Zone means the District’s Reinvestment Zone created pursuant to Code §312.0025 by action of the Board of Trustees or by the County and as further described by the description and/or depiction of said Reinvestment Zone attached hereto as Schedule 2.1, which is incorporated herein by reference for all purposes. “School Finance Law“ means Chapters 41 and 42 of the TEC, the Texas Economic Development Act (Chapter 313, Code), Chapter 403, Subchapter M, Texas Government Code applicable to the District, and the Constitution and general laws of the State applicable to the independent school districts of the State, including specifically, the applicable rules and regulations of the agencies of the State having jurisdiction over any matters relating the public school systems and school districts of the State, and judicial decisions construing or interpreting any of the above. The term also includes any amendments or successor statutes that may be adopted in the future that could impact or alter the calculation of Applicant’s ad valorem tax obligation to the District either with or without the limitation of property values made pursuant to this Agreement.

Reinvestment Zone means any area of the City which has been designated a reinvestment zone for tax abatement purposes and which is located within the taxing jurisdiction of the City. It is the intent of the City to designate reinvestment zones on a case-by-case basis to maximize the potential incentives for eligible enterprises to locate or expand within the City.

Examples of Reinvestment Zone in a sentence

Certain improvements and personal property may have existed in the Reinvestment Zone or Enterprise Zone prior to the Application Date.
The rebate is based on the City's participation level in the Tax Increment Reinvestment Zone where the Project is located.
All of the improvements that make up the Qualified Investment and/or Qualified Property under this Agreement will be made within the project area, which is within the Reinvestment Zone as shown in Schedule 2.1. None of the foregoing listed property is covered under an existing County Appraisal District account number.
The description of the Reinvestment Zone or Enterprise Zone and maps showing the location thereof are attached to this Agreement as Schedule 2.1, which is incorporated herein by reference.
The Parties expressly agree that the location of the Qualified Property shall be within the Reinvestment Zone as set out in Schedule 2.1.

More Definitions of Reinvestment Zone

Reinvestment Zone means a geographic area of the County designated as such for the purpose of tax Abatement as authorized by Chapter 312 of the Texas Tax Code.

Reinvestment Zone means Real Property designation as a Reinvestment Zone under the provisions of the Texas Tax Code, including any related, successor or amended tax statutes or rules.

Reinvestment Zone means the reinvestment zone, as that term is defined in Chapter 312 of the Texas Tax Code, created by Duval County and known as the “Duval County Dove Run, Sun Cactus, Dove Wing and Jumping Cactus Solar Reinvestment Zone #1,” by that Order Adopting and Designating a Reinvestment Zone in the Jurisdiction of Duval County, Texas, adopted and approved by the Duval County Commissioners’ Court on May 29, 2024, a copy of which Order is attached to this Agreement (“Attachment A”).

Reinvestment Zone or “Zone” means Tax Abatement Reinvestment Zone No. 008-2019 established by City of ▇▇▇▇▇▇▇▇ Ordinance

Reinvestment Zone means an area designated as such for the purpose of tax abatement as authorized by Chapter 312, Subchapter B, Texas Tax Code.

Reinvestment Zone means a geographic area of the County which meets the criteria of §312.202 of the Property Tax Code.