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House Bill 3063 |
House Author: Menendez |
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Effective: Vetoed |
Senate Sponsor: Van de Putte et al. |
House Bill 3063 amends the Local Government Code to exempt from taxation certain commercial aircraft property located in a defense base development authority. The bill amends the Government Code to make a prescribed area inside the boundaries of an authority automatically qualify for designation as an enterprise zone.
Reason Given for Veto: "The Texas aerospace industry contributes billions of dollars to our economy and generates thousands of jobs. House Bill 3063 would give a state-sponsored competitive advantage to some Texas communities over others.
"I am instead signing House Bill 3121, which provides a reasonable statewide solution for all Texas cities. House Bill 3121 will apply equally to aerospace manufacturers throughout the state, strengthening the commercial aerospace industry to meet the challenges posed by the current economic environment and competition from other states."