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