By Swinford                                           H.B. No. 2821
         77R9077 CBH-D                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to eligibility for certain franchise tax credits.
 1-3           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-4           SECTION 1. Section 171.721(2), Tax Code, is amended to read
 1-5     as follows:
 1-6                 (2)  "Strategic investment area" means an area that is
 1-7     determined by the comptroller under Section 171.726 that is:
 1-8                       (A)  a county within this state with above state
 1-9     average unemployment and below state average per capita income;
1-10     [or]
1-11                       (B)  an area within this state that is a
1-12     federally designated urban enterprise community or an urban
1-13     enhanced enterprise community; or
1-14                       (C)  a county within this state that has a
1-15     population of less than 50,000 and that is not included wholly or
1-16     partly in a federal metropolitan statistical area, primary
1-17     metropolitan statistical area, or consolidated metropolitan
1-18     statistical area.
1-19           SECTION 2. This Act takes effect January 1, 2001, and applies
1-20     only to a report originally due on or after that date.