| (a) In this section, "disaster", "disaster area", "emergency",
and "emergency area" have the meanings assigned by Tax Code, §31.032(g).
(b) This section only applies to:
(1) Real property that is owned or leased by a business
entity that is located in a disaster or emergency area, has not been
damaged as a direct result of the disaster or emergency, and that
had gross receipts in the entity's most recent federal income tax
year or state franchise tax annual period that were not more than
the amount calculated as provided by Tax Code, §31.032(h);
(2) tangible personal property that is owned or leased
by a business entity described in paragraph (1) of this subsection;
and
(3) taxes imposed by the taxing unit before the first
anniversary of the disaster or emergency.
(c) For a taxing unit that has adopted an installment-payment
plan under Tax Code, §31.033, Tax Code, §31.032(b), (b-1),
(c), and (d) apply to the payment by a person of that taxing unit's
taxes imposed on property that the person owns.
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