Texas 2009 - 81st Regular

Texas Senate Bill SR1102 Compare Versions

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Old	New	Differences
1	1	By: Seliger S.R. No. 1102
2	2
3	3
4	4	SENATE RESOLUTION
5	5	BE IT RESOLVED by the Senate of the State of Texas, 81st
6	6	Legislature, Regular Session, 2009, That Senate Rule 12.03 be
7	7	suspended in part as provided by Senate Rule 12.08 to enable the
8	8	conference committee appointed to resolve the differences on
9	9	House Bill No. 469 (the establishment of incentives by this state
10	10	for the implementation of projects to capture and sequester
11	11	carbon dioxide that would otherwise be emitted into the
12	12	atmosphere) to consider and take action on the following matters:
13	13	(1) Senate Rules 12.03(1) and (3) are suspended to permit
14	14	the committee to change, alter, or amend text that is not in
15	15	disagreement and to add text on a matter that is not in
16	16	disagreement in SECTION 1 of the bill, in the heading to added
17	17	Subchapter H, Chapter 490, Government Code, to read as follows:
18	18	SUBCHAPTER H. FRANCHISE TAX CREDIT FOR CLEAN ENERGY PROJECT
19	19	Explanation: The change is necessary to clarify that the
20	20	subchapter authorizes a franchise tax credit for a clean energy
21	21	project.
22	22	(2) Senate Rules 12.03(3) and (4) are suspended to permit
23	23	the committee to add text on a matter that is not in disagreement
24	24	and to add text on a matter that is not included in either the
25	25	house or senate version of the bill in SECTION 1 of the bill, in
26	26	added Subsection (a), Section 490.352, Government Code, to read
27	27	as follows:
28	28	A clean energy project is eligible for a franchise tax credit
29	29	only if the project is implemented in connection with the
30	30	construction of a new facility.
31	31	Explanation: This addition is necessary to limit
32	32	eligibility for the franchise tax credit authorized by the bill
33	33	to clean energy projects implemented in connection with the
34	34	construction of a new facility.
35	35	(3) Senate Rules 12.03(1), (2), and (3) are suspended to
36	36	permit the committee to change, alter, or amend text that is not
37	37	in disagreement, to omit text that is not in disagreement, and to
38	38	add text on any matter that is not in disagreement in SECTION 1 of
39	39	the bill, in added Subsection (d), Section 490.352, Government
40	40	Code, to read as follows:
41	41	(d) The amount of the franchise tax credit for each
42	42	report year is calculated by determining the amount of franchise
43	43	tax that is due based on the taxable margin generated by a clean
44	44	energy project from the generation and sale of power and the sale
45	45	of any products that are produced by the electric generation
46	46	facility. The amount of the franchise tax credit claimed under
47	47	this section for a report year may not exceed the amount of
48	48	franchise tax attributable to the clean energy project for that
49	49	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	_______________________________
55	55	President of the Senate
56	56	I hereby certify that the
57	57	above Resolution was adopted by
58	58	the Senate on May 31, 2009.
59	59	_______________________________
60	60	Secretary of the Senate