By Oliveira H.B. No. 3389 77R7291 DAK-F A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to franchise tax credits for telecommunications 1-3 corporations for job creation activities and capital investments. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Section 171.751, Tax Code, is amended by amending 1-6 Subdivisions (8) and (12) and adding Subdivision (13) to read as 1-7 follows: 1-8 (8) "Qualified business" means an establishment 1-9 primarily engaged in agricultural processing, central 1-10 administrative offices, distribution, data processing, 1-11 manufacturing, research and development, telecommunications, or 1-12 warehousing. 1-13 (12) "Telecommunications" means an establishment 1-14 primarily engaged in activities described in categories 51321, 1-15 51322, 51331, 513321, 513322, 51333, and 51334 of the 1997 North 1-16 American Industry Classification System. 1-17 (13) "Warehousing" means an establishment primarily 1-18 engaged in activities described in categories 4221-4226 of the 1987 1-19 Standard Industrial Classification Manual published by the federal 1-20 Office of Management and Budget. 1-21 SECTION 2. Section 171.801(1), Tax Code, is amended to read 1-22 as follows: 1-23 (1) "Agricultural processing," "central administrative 1-24 offices," "county average weekly wage," "data processing," 2-1 "distribution," "manufacturing," "qualified business," "research 2-2 and development," "telecommunications," and "warehousing" have the 2-3 meanings assigned those terms by Section 171.751. 2-4 SECTION 3. This Act takes effect January 1, 2002, and applies 2-5 only to a report originally due on or after that date.