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A BILL TO BE ENTITLED
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AN ACT
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relating to the eligibility of property used in connection with a |
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data center for economic benefits authorized by the Texas Economic |
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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, is amended to read |
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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. 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 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. Section 313.024(e), Tax Code, is amended by |
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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. (a) Except as provided by Subsection (b) of this |
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section, this Act takes effect immediately if it receives a vote of |
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two-thirds of all the members elected to each house, as provided by |
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Section 39, Article III, Texas Constitution. If this Act does not |
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receive the vote necessary for immediate effect, this Act takes |
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effect September 1, 2007. |
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(b) Section 2 of this Act takes effect January 1, 2008. |