Sec. 228.153. INVESTMENT IN STRATEGIC INVESTMENT BUSINESS REQUIRED. (a) In this section: (1) "Strategic investment area" means an area of this state that qualifies as a strategic investment area under Subchapter O, Chapter 171 , Tax Code, or, after the date that subchapter expires, an area that qualified as a strategic investment area under that subchapter immediately before that date. (2) "Strategic investment business" means a qualified business that: (A) has the business's principal business operations located in one or more strategic investment areas; and (B) intends to maintain business operations in the strategic investment areas after receipt of the investment by the certified capital company. (b) A certified capital company must place at least 30 percent of the amount of qualified investments required by Sections 228.151 (a) and (b) in a strategic investment business.
‹ Prev All Texas sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.