Section 490G.001 - Definitions In this chapter:
(1) "Board" means the Economic Incentive Oversight Board.(2) "Monetary incentive" means a grant, loan, or other form of monetary incentive paid from state revenues, including a state trust fund, that a business entity or other person may receive in exchange for or as a result of conducting an activity with an economic development purpose.(2-a) "Rural county" means a county with a population of less than 60,000.(3) "Tax incentive" means any exemption, deduction, credit, exclusion, waiver, rebate, discount, deferral, or other abatement or reduction of state tax liability of a business entity or other person that the person may receive in exchange for or as a result of conducting an activity with an economic development purpose.Tex. Gov't. Code § 490G.001
Added by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 915,Sec. 2.01, eff. 9/1/2015.