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.