Bill Summary – FastDemocracy

   
      87(R) HB 1502 - Introduced version - Bill Text
      
            87R2 JES-D
         
		By:  Deshotel
            H.B.  No.  1502
         
               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, 2032 [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.
         
Statutes affected: 
Introduced: 313.007 Tax Code



	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, 2032 [~~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.