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Senate Bill 100 |
Senate Author: Hinojosa |
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Effective: 9-1-15 |
House Sponsor: Murphy |
Senate Bill 100 amends Government Code and Tax Code provisions relating to the enterprise zone program administered by the Texas Economic Development and Tourism Office. The bill removes restrictions on a county's authority to nominate an enterprise project located within the jurisdiction of a municipality in the county and provides for an interlocal agreement to govern such a project. The bill includes new permanent jobs held by veterans among the jobs that satisfy employment requirements in connection with state benefits and local incentives for a qualified business. The bill authorizes an enterprise project designation to be split into two half designations and specifies the maximum state tax refund for a half enterprise project. The bill makes the tax refund for certain large enterprise projects dependent on the creation of new permanent jobs, rather than on the creation or retention of jobs.