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A BILL TO BE ENTITLED
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AN ACT
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relating to the establishment of an online information and |
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application system for state and local incentives for economic |
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development purposes. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. The heading to Subchapter E, Chapter 481, |
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Government Code, is amended to read as follows: |
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SUBCHAPTER E. ECONOMIC [BUSINESS] DEVELOPMENT--GENERAL PROVISIONS |
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SECTION 2. Subchapter E, Chapter 481, Government Code, is |
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amended by adding Section 481.081 to read as follows: |
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Sec. 481.081. ECONOMIC DEVELOPMENT INCENTIVE WEBSITE. |
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(a) In this section: |
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(1) "Local government" means a county, municipality, |
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special district, school district, junior college district, or |
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other political subdivision of the state. |
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(2) "Monetary incentive" means a grant, loan, or other |
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form of monetary incentive paid from state or local government |
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revenues that a business entity or other person may receive in |
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exchange for or as a result of conducting an activity with an |
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economic development purpose. |
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(3) "State agency" means a department, commission, |
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board, office, council, authority, or other state agency in the |
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executive branch of state government. |
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(4) "Tax incentive" means any exemption, deduction, |
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payment, credit, exclusion, waiver, rebate, discount, deferral, or |
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other abatement or reduction of state or local government tax |
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liability of a business entity or other person that the person may |
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receive in exchange for or as a result of conducting an activity |
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with an economic development purpose. |
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(b) The office of the governor shall develop and maintain an |
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Internet website that: |
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(1) provides a single location that a business entity |
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or other persons considering relocating to or expanding in this |
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state may use to receive information relating to state and local |
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government monetary and tax incentives for which the business |
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entity or other person may be qualified; |
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(2) allows, when feasible, the business entity or |
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other person to fill out one application for all state and local |
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government monetary and tax incentives for which the person may be |
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eligible; and |
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(3) allows, when feasible, for the application to be |
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submitted to each state agency or local government that offers the |
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monetary or tax incentive for which the business entity or other |
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person may be eligible. |
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SECTION 3. This Act takes effect September 1, 2015. |