Texas Transportation Code 460.601 – Definition
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Terms Used In Texas Transportation Code 460.601
- Year: means 12 consecutive months. See Texas Government Code 311.005
In this subchapter, “tax increment” means the amount of revenue generated from ad valorem taxes, sales and use taxes imposed by a municipality under § 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.