Tex. Tax Code § 31.033 Installment Payments of Taxes On Property In Disaster Area Or Emergency Area that Has Not Been Damaged As a Result of Disaster Or Emergency

• Library: Texas Statutes
• Edition: 2023
• Currency: Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
• Year: 2023
• Citation: Tex. Tax Code § 31.033

(a) In this section, "disaster," "disaster area," "emergency," and "emergency area" have the meanings assigned by Section 31.032(g).

(b) This section applies only to:

(1) real property that:

(A) is owned or leased by a business entity that had not more than the amount calculated as provided by Section 31.032(h) in gross receipts in the entity's most recent federal tax year or state franchise tax annual period, according to the applicable federal income tax return or state franchise tax report of the entity;

(B) is located in a disaster area or emergency area; and

(C) has not been damaged as a direct result of the disaster or emergency;

(2) tangible personal property that is owned or leased by a business entity described by Subdivision (1)(A); and