EDC Annual Reports
The Development Corporation Act requires all Type A and Type B corporations to file an annual report with the Texas Comptroller of Public Accounts by Feb. 1 of each year. The report must include:
- the corporation’s economic development objectives,
- total revenues and expenditures for the preceding fiscal year,
- a breakdown of these expenditures and
- a list of the corporation’s assets.
The Comptroller also may ask for any other information required to determine the use of revenue from sales and use tax imposed under Type A or Type B to encourage economic development in the state.
The Comptroller will use this information to compile the Economic Development Corporation Report for the Legislature each biennium.