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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 for renewable energy |
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electric generation for ad valorem tax benefits under the Texas |
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Economic 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 entity must use the property for: |
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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) an advanced clean energy project, as defined by |
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Section 382.003, Health and Safety Code; |
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(5) [renewable energy electric generation; |
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[(6)] electric power generation using integrated |
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gasification combined cycle technology; |
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(6) [(7)] nuclear electric power generation; |
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(7) [(8)] a computer center primarily used in |
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connection with one or more activities described by Subdivisions |
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(1) through (6) [(7)] conducted by the entity; or |
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(8) [(9)] a Texas priority project. |
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SECTION 2. Section 313.024(e)(2), Tax Code, is repealed. |
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SECTION 3. The change in law made by this Act applies only |
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to an agreement entered into under Chapter 313, Tax Code, on or |
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after the effective date of this Act. An agreement entered into |
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under that chapter before the effective date of this Act is governed |
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by the law in effect on the date the agreement was entered into, and |
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the former law is continued in effect for that purpose. |
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SECTION 4. This Act takes effect September 1, 2021. |