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A BILL TO BE ENTITLED
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AN ACT
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relating to the eligibility of new electric generating facilities |
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and new industrial facilities that use gasification technology for |
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economic benefits authorized by the Texas Economic Development Act. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 313.024(b), Tax Code, as effective |
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January 1, 2008, is amended to read as follows: |
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(b) To be eligible for a limitation on appraised value under |
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this subchapter, the entity must use the property in connection |
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with: |
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(1) manufacturing; |
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(2) research and development; |
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(3) a clean coal project, as defined by Section 5.001, |
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Water Code; |
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(4) a gasification project that uses [for a] coal, |
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including lignite, petroleum residues, including petroleum coke, |
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[and] biomass, or wastes, or any mixture of those materials, as |
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feedstock; [or] |
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(5) renewable energy electric generation; or |
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(6) an electric generation project that uses |
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integrated gasification combined cycle technology. |
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SECTION 2. This Act takes effect January 1, 2008. |