By:  Brimer                                                       S.B. No. 559
	(In the Senate - Filed February 16, 2005; February 28, 2005, 
read first time and referred to Subcommittee on Emerging 
Technologies and Economic Development; April 19, 2005, reported 
adversely, with favorable Committee Substitute to Committee on 
Business and Commerce; May 12, 2005, reported adversely, with 
favorable Committee Substitute from Committee on Business and 
Commerce by the following vote:  Yeas 8, Nays 0; May 12, 2005, sent 
to printer.)


COMMITTEE SUBSTITUTE FOR S.B. No. 559                                    By:  Brimer


A BILL TO BE ENTITLED

AN ACT


relating to the continuation of the Texas Economic Development Act.         
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 313.007, Tax Code, is amended to read as 
follows:        
	Sec. 313.007.  EXPIRATION.  Subchapters B, C, and D expire 
December 31, 2011 [2007].
	SECTION 2.  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, 2005.



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