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A BILL TO BE ENTITLED
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AN ACT
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relating to the Texas Economic Development Act, including the |
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eligibility of property for economic benefits authorized by that |
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Act. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subsection (b), Section 313.024, Tax Code, is |
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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 corporation or limited liability company must |
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use the property in connection 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 for a coal and biomass |
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mixture; [or] |
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(5) renewable energy electric generation; or |
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(6) a data center. |
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SECTION 2. Subsection (b), Section 313.024, Tax Code, as |
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effective 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 for a coal and biomass |
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mixture; [or] |
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(5) renewable energy electric generation; or |
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(6) a data center. |
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SECTION 3. Subsection (e), Section 313.024, Tax Code, is |
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amended by adding Subdivision (3) to read as follows: |
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(3) "Data center" means an establishment primarily |
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engaged in providing electronic data processing and storage |
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services described in categories 518210 and 541513 of the 2002 |
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North American Industry Classification System. |
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SECTION 4. The following statutes are repealed: |
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(1) Section 313.007, Tax Code; |
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(2) Subchapter E, Chapter 313, Tax Code; and |
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(3) Subsection (a), Section 16, Chapter 1, Acts of the |
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79th Legislature, 3rd Called Session, 2006. |
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SECTION 5. (a) Except as provided by Subsection (b) of |
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this section, this Act takes effect immediately if it receives a |
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vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2007. |
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(b) Section 2 of this Act takes effect January 1, 2008. |