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R E S O L U T I O N
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BE IT RESOLVED by the House of Representatives of the State of |
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Texas, 81st Legislature, Regular Session, 2009, That House Rule 13, |
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Section 9(a), be suspended in part as provided by House Rule 13, |
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Section 9(f), to enable the conference committee appointed to |
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resolve the differences on House Bill 469 (the establishment of |
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incentives by this state for the implementation of projects to |
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capture and sequester carbon dioxide that would otherwise be |
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emitted into the atmosphere) to consider and take action on the |
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following matters: |
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(1) House Rule 13, Sections 9(a)(1) and (3), are suspended |
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to permit the committee to change, alter, or amend text that is not |
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in disagreement and to add text on any matter that is not in |
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disagreement in SECTION 1 of the bill, in the heading to added |
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Subchapter H, Chapter 490, Government Code, to read as follows: |
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SUBCHAPTER H. FRANCHISE TAX CREDIT FOR CLEAN ENERGY PROJECT |
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Explanation: The change is necessary to clarify that the |
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subchapter authorizes a franchise tax credit for a clean energy |
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project. |
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(2) House Rule 13, Sections 9(a)(3) and (4), are suspended |
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to permit the committee to add text on a matter that is not in |
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disagreement and to add text on a matter that is not included in |
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either the house or senate version of the bill in SECTION 1 of the |
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bill, in added Section 490.352(a), Government Code, to read as |
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follows: |
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A clean energy project is eligible for a franchise tax credit only |
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if the project is implemented in connection with the construction |
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of a new facility. |
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Explanation: This addition is necessary to limit eligibility |
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for the franchise tax credit authorized by the bill to clean energy |
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projects implemented in connection with the construction of a new |
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facility. |
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(3) House Rule 13, Sections 9(a)(1), (2), and (3), are |
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suspended to permit the committee to change, alter, or amend text |
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that is not in disagreement, to omit text that is not in |
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disagreement, and to add text on any matter that is not in |
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disagreement in SECTION 1 of the bill, in added Section 490.352(d), |
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Government Code, to read as follows: |
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(d) The amount of the franchise tax credit for each report |
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year is calculated by determining the amount of franchise tax that |
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is due based on the taxable margin generated by a clean energy |
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project from the generation and sale of power and the sale of any |
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products that are produced by the electric generation facility. |
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The amount of the franchise tax credit claimed under this section |
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for a report year may not exceed the amount of franchise tax |
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attributable to the clean energy project for that report year. |
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Explanation: The change is necessary to specify the method |
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to be used in calculating the amount of the franchise tax credit |
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issued to an entity implementing a clean energy project in this |
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state. |
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King of Parker |
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______________________________ |
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Speaker of the House |
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I certify that H.R. No. 2995 was adopted by the House on May |
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31, 2009, by the following vote: Yeas 141, Nays 0, 1 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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King of Parker |