By: Anchia, et al. (Senate Sponsor - West) H.B. No. 994

(In the Senate - Received from the House April 23, 2015; May 6, 2015, read first time and referred to Committee on Finance; May 15, 2015, reported adversely, with favorable Committee Substitute by the following vote: Yeas 13, Nays 1; May 15, 2015, sent to printer.) Click here to see the committee vote

COMMITTEE SUBSTITUTE FOR H.B. No. 994 By: West

A BILL TO BE ENTITLED

AN ACT

relating to the exemption from ad valorem taxation of property used to collect, process, and deliver landfill-generated gas.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Sections 11.311(a) and (d), Tax Code, are repealed.

SECTION 2. The heading to Section 11.311, Tax Code, is amended to read as follows:

Sec. 11.311. [TEMPORARY EXEMPTION:] LANDFILL-GENERATED GAS CONVERSION FACILITIES.

SECTION 3. Section 11.311, Tax Code, is amended by adding Subsection (e) to read as follows:

(e) The commission shall develop rules to determine the value of the exemption granted under Subsection (b). The rules must limit the value of the exemption to only the value of the equipment used as business personal property on which gas is collected.

SECTION 4. The change in law made by this Act applies only to ad valorem taxes imposed for a tax year beginning on or after the effective date of this Act.

SECTION 5. This Act takes effect January 1, 2016.

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