Texas 2009 - 81st Regular

Texas House Bill HR2995 Compare Versions

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Old	New	Differences
1	1	H.R. No. 2995
2	2
3	3
4	4	R E S O L U T I O N
5	5	BE IT RESOLVED by the House of Representatives of the State of
6	6	Texas, 81st Legislature, Regular Session, 2009, That House Rule 13,
7	7	Section 9(a), be suspended in part as provided by House Rule 13,
8	8	Section 9(f), to enable the conference committee appointed to
9	9	resolve the differences on House Bill 469 (the establishment of
10	10	incentives by this state for the implementation of projects to
11	11	capture and sequester carbon dioxide that would otherwise be
12	12	emitted into the atmosphere) to consider and take action on the
13	13	following matters:
14	14	(1) House Rule 13, Sections 9(a)(1) and (3), are suspended
15	15	to permit the committee to change, alter, or amend text that is not
16	16	in disagreement and to add text on any matter that is not in
17	17	disagreement in SECTION 1 of the bill, in the heading to added
18	18	Subchapter H, Chapter 490, Government Code, to read as follows:
19	19	SUBCHAPTER H. FRANCHISE TAX CREDIT FOR CLEAN ENERGY PROJECT
20	20	Explanation: The change is necessary to clarify that the
21	21	subchapter authorizes a franchise tax credit for a clean energy
22	22	project.
23	23	(2) House Rule 13, Sections 9(a)(3) and (4), are suspended
24	24	to permit the committee to add text on a matter that is not in
25	25	disagreement and to add text on a matter that is not included in
26	26	either the house or senate version of the bill in SECTION 1 of the
27	27	bill, in added Section 490.352(a), Government Code, to read as
28	28	follows:
29	29	A clean energy project is eligible for a franchise tax credit only
30	30	if the project is implemented in connection with the construction
31	31	of a new facility.
32	32	Explanation: This addition is necessary to limit eligibility
33	33	for the franchise tax credit authorized by the bill to clean energy
34	34	projects implemented in connection with the construction of a new
35	35	facility.
36	36	(3) House Rule 13, Sections 9(a)(1), (2), and (3), are
37	37	suspended to permit the committee to change, alter, or amend text
38	38	that is not in disagreement, to omit text that is not in
39	39	disagreement, and to add text on any matter that is not in
40	40	disagreement in SECTION 1 of the bill, in added Section 490.352(d),
41	41	Government Code, to read as follows:
42	42	(d) The amount of the franchise tax credit for each report
43	43	year is calculated by determining the amount of franchise tax that
44	44	is due based on the taxable margin generated by a clean energy
45	45	project from the generation and sale of power and the sale of any
46	46	products that are produced by the electric generation facility.
47	47	The amount of the franchise tax credit claimed under this section
48	48	for a report year may not exceed the amount of franchise tax
49	49	attributable to the clean energy project for that report year.
50	50	Explanation: The change is necessary to specify the method
51	51	to be used in calculating the amount of the franchise tax credit
52	52	issued to an entity implementing a clean energy project in this
53	53	state.
54	54	King of Parker
55	55	______________________________
56	56	Speaker of the House
57	57	I certify that H.R. No. 2995 was adopted by the House on May
58	58	31, 2009, by the following vote: Yeas 141, Nays 0, 1 present, not
59	59	voting.
60	60	______________________________
61	61	Chief Clerk of the House
62	62	King of Parker