The Harris Texas Tax Sharing and Disaffiliation Agreement is a legal contract that outlines the terms and conditions for sharing taxes and disaffiliating between the Harris County, Texas and its municipal jurisdictions. This agreement governs the allocation and distribution of tax revenues derived from activities within the county, ensuring equitable distribution among the participating entities. The purpose of the Harris Texas Tax Sharing and Disaffiliation Agreement is to provide a fair and transparent framework for sharing local tax revenues generated from various sources such as property taxes, sales taxes, and other applicable fees collected within the county. The agreement aims to promote cooperation, avoid conflicts, and establish a system for a harmonious tax-sharing process. One type of Harris Texas Tax Sharing and Disaffiliation Agreement is the Revenue-Allocation Agreement. This agreement sets forth the percentage distribution of tax revenues generated within the boundaries of the participating entities, outlining the specific tax types to be shared and the calculations to be used. Another type of agreement is the Disaffiliation Agreement, which enables a municipality within Harris County to withdraw from the shared tax arrangement. This agreement establishes the terms and conditions under which a municipality can dissociate itself from the tax sharing arrangement, including the financial responsibilities and implications of the disaffiliation. The Harris Texas Tax Sharing and Disaffiliation Agreement incorporates various key elements such as the definitions of terms, the scope and purpose of the agreement, the responsibilities and obligations of each participating entity, the procedures for tax allocation, reporting, and dispute resolution, as well as the termination and amendment provisions. By entering into this agreement, the Harris County and its municipalities ensure a fair distribution of tax revenues, enabling the proper funding of public services and infrastructure projects. It provides a comprehensive framework for cooperation, transparency, and equity in the tax sharing process, facilitating the sustainable development and growth of the region as a whole. In conclusion, the Harris Texas Tax Sharing and Disaffiliation Agreement is a vital legal document that governs the sharing of tax revenues between the Harris County and its municipalities. Through this agreement, the participating entities establish a fair and transparent system for tax allocation, fostering cooperation and harmony in the local tax-sharing process.