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A BILL TO BE ENTITLED
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AN ACT
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relating to an exemption from the sales tax for renewable energy |
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technology. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter H, Chapter 151, Tax Code, is amended |
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by adding Section 151.358 to read as follows: |
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Sec. 151.358. RENEWABLE ENERGY TECHNOLOGY. (a) In this |
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section, "renewable energy technology" has the meaning assigned by |
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Section 39.904, Utilities Code. The term does not include an |
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air-source heat pump. |
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(b) Renewable energy technology and any component of or |
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repair or replacement part for that technology are exempted from |
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the taxes imposed by this chapter. |
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(c) This section expires September 1, 2015. |
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SECTION 2. The change in law made by this Act does not |
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affect taxes imposed before the effective date of this Act, and the |
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law in effect before the effective date of this Act is continued in |
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effect for purposes of the liability for and collection of those |
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taxes. |
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SECTION 3. This Act takes effect July 1, 2007, if it |
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receives a vote of two-thirds of all the members elected to each |
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house, as provided by Section 39, Article III, Texas Constitution. |
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If this Act does not receive the vote necessary for effect on that |
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date, this Act takes effect September 1, 2007. |