Texas Government Code 2204.504 – Payments in Lieu of Taxes
Current as of: 2024 | Check for updates
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Terms Used In Texas Government Code 2204.504
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
- Year: means 12 consecutive months. See Texas Government Code 311.005
The United States must remit an amount equal to one percent of the purchase price of acquired land each year in lieu of taxes to the counties and school districts in which the land is located.