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By: Meyer (Senate Sponsor - Birdwell) |
H.B. No. 4242 |
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(In the Senate - Received from the House May 10, 2021; |
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May 14, 2021, read first time and referred to Committee on Natural |
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Resources & Economic Development; May 21, 2021, reported favorably |
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by the following vote: Yeas 7, Nays 2; May 21, 2021, sent to |
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printer.) |
| Click here to see the committee vote |
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A BILL TO BE ENTITLED
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AN ACT
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relating to the extension of the expiration of certain parts of the |
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Texas Economic Development Act. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 313.007, Tax Code, is amended to read as |
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follows: |
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Sec. 313.007. EXPIRATION. Subchapters B and C expire |
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December 31, 2024 [2022]. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2021. |
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