Texas Comptroller Manual of Accounts - Fiscal 2024
Revenue Object 3798 – Tax Refund for Economic Development, Reinvestment Zone/Abatement Agreement – Sales Tax

To record refunds from sales taxes to an eligible person paid in a calendar year for which the person paid ad valorem taxes to school district on property located in a reinvestment zone or exempt under a tax abatement agreement. Applications must be filed before August 1 of the year following the tax year for which the person applying has paid ad valorem taxes. Within 60 days, Comptroller shall compute total amount eligible for refund. Total refunds from both sales and franchise taxes may not exceed $10,000,000. If the total applications exceed $10,000,000 the Comptroller shall reduce the amount of each refund proportionally. Applies to taxes paid prior to October 1, 2011.

Code may only be used by the Comptroller -- State Fiscal, Agency 902 for issue of economic development tax refunds. See revenue code 3804 for refunds from franchise taxes.

Previously authorized under Tax Code 111.302. Repealed by S.B. 1. 82nd Leg., 1st C.S. The repeal does not affect an eligible person's claim for a refund for taxes paid prior to implementation of S.B. 1 (October 1, 2011).

Inactivated December 2020.