Suspending limitations on conference committee jurisdiction, H.B No. 469.
The resolution allows the committee to amend the provisions related to franchise tax credits for clean energy projects, ensuring that these credits are targeted specifically at new constructions. This restriction aims to enhance the efficiency of the incentives provided, concentrating resources on new developments rather than retrofits or existing operations.
SR1102 is a Senate Resolution focused on suspending certain limitations related to the jurisdiction of a conference committee assigned to resolve discrepancies in House Bill No. 469. This pertains to the establishment of incentives for implementing carbon capture and sequestration projects within Texas. By allowing the committee this suspension, the resolution is aimed at facilitating a smoother legislative process for the bill concerning clean energy initiatives.
The changes proposed in the resolution, particularly those that clarify eligibility for tax credits, may lead to discussions around the adequacy and effectiveness of incentives for clean energy projects. Stakeholders may express varying opinions on whether focusing solely on new facilities may limit potential developments or disincentivize retrofitting existing structures, potentially hindering broader clean energy goals.