Texas Jobs, Energy, Technology, and innovation Act (JETI) or Chapter 403: is a new competitive economic incentive program to attract large-scale economic development projects, bringing new capital investment and creating new, high-paying jobs in Texas communities.
Value Limitation & Tax Credits, Chapter 403
Summary
An appraised value limitation is an agreement in which a taxpayer agrees to build or install property and create jobs in exchange for an eight year limitation on the taxable property value for school district maintenance and operations tax (M&O) purposes.