Texas Comptroller Manual of Accounts - Fiscal 2024
Revenue Object 3804 – Tax Refund for Economic Development, Reinvestment Zone/Abatement Agreement – Franchise Tax

Created September 1, 1995 by S.B. 345, 74th Leg., R.S. To record franchise tax refunds to eligible persons who paid ad valorem taxes to a school district on property located in a reinvestment zone or exempt under tax abatement agreement. Applications must be filed before August 1 of the year following the tax year for which person applying paid ad valorem taxes. Within 60 days, Comptroller shall compute total amount eligible for refund. Total refunds from both sales and franchise taxes up to $10 million. If the total applications exceed $10 million the amount of each refund is reduced proportionally. Applies to taxes paid before October 1, 2011.Code only used by Comptroller -- State Fiscal, Agency 902 for issuance of economic development tax refunds. See R/C 3798 for refunds from sales 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 Repealed by S.B. 1. 82nd Leg., 1st C.S. The repeal does not affect an eligible person's claim for a refund for taxes paid prior to implementation of S.B. 1 (October 1,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).