Texas Special District Local Laws Code Chapter 1115 > Subchapter F – Taxes
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Terms Used In Texas Special District Local Laws Code Chapter 1115 > Subchapter F - Taxes
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Property: means real and personal property. See Texas Government Code 311.005
- Year: means 12 consecutive months. See Texas Government Code 311.005