79S30364 KLA-D

By:  Shapleigh                                                    S.B. No. 28 



A BILL TO BE ENTITLED

AN ACT

relating to franchise tax credits for certain economic development 
activities.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 171.729(a), Tax Code, is amended to read 
as follows:     
	(a)  This subchapter expires December 31, 2012 [2009]. 
	SECTION 2.  Section 171.761(a), Tax Code, is amended to read 
as follows:     
	(a)  This subchapter expires December 31, 2012 [2009]. 
	SECTION 3.  Section 171.811(a), Tax Code, is amended to read 
as follows:     
	(a)  This subchapter expires December 31, 2012 [2009]. 
	SECTION 4.  This Act takes effect immediately if it receives 
a vote of two-thirds of all the members elected to each house, as 
provided by Section 39, Article III, Texas Constitution.  If this 
Act does not receive the vote necessary for immediate effect, this 
Act takes effect September 1, 2006.