1-1 By: Swinford (Senate Sponsor - Haywood) H.B. No. 3140
1-2 (In the Senate - Received from the House May 11, 2001;
1-3 May 11, 2001, read first time and referred to Committee on Finance;
1-4 May 11, 2001, reported favorably by the following vote: Yeas 8,
1-5 Nays 0; May 11, 2001, sent to printer.)
1-6 A BILL TO BE ENTITLED
1-7 AN ACT
1-8 relating to eligibility for certain franchise tax credits.
1-9 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-10 SECTION 1. Section 171.751(1), Tax Code, is amended to read
1-11 as follows:
1-12 (1) "Agricultural processing" means an establishment
1-13 primarily engaged in activities described in categories 2011-2099,
1-14 2211, 2231, 2824, 2833, 2834, 2835, 2836, 2841, [or] 3111-3199,
1-15 3262, or 3952, in product classes 28692 or 28698 of category 2869,
1-16 or in product classes 28992 or 28994 of category 2899 of the 1987
1-17 Standard Industrial Classification Manual published by the federal
1-18 Office of Management and Budget.
1-19 SECTION 2. This Act takes effect January 1, 2002, and applies
1-20 only to a report originally due on or after that date.
1-21 * * * * *