By: Meyer (Senate Sponsor - Birdwell) H.B. No. 4242

(In the Senate - Received from the House May 10, 2021; May 14, 2021, read first time and referred to Committee on Natural Resources & Economic Development; May 21, 2021, reported favorably by the following vote: Yeas 7, Nays 2; May 21, 2021, sent to printer.) Click here to see the committee vote

A BILL TO BE ENTITLED

AN ACT

relating to the extension of the expiration of certain parts of the Texas Economic Development Act.

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

SECTION 1. Section 313.007, Tax Code, is amended to read as follows:

Sec. 313.007. EXPIRATION. Subchapters B and C expire December 31, 2024 [2022].

SECTION 2. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution. If this Act does not receive the vote necessary for immediate effect, this Act takes effect September 1, 2021.

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