87R10613 LHC-D
By: Cason H.B. No. 2084
A BILL TO BE ENTITLED
AN ACT
relating to the eligibility of property used for renewable energy
electric generation for ad valorem tax benefits under the Texas
Economic Development Act.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 313.024(b), Tax Code, is amended to read
as follows:
(b) To be eligible for a limitation on appraised value under
this subchapter, the entity must use the property for:
(1) manufacturing;
(2) research and development;
(3) a clean coal project, as defined by Section 5.001,
Water Code;
(4) an advanced clean energy project, as defined by
Section 382.003, Health and Safety Code;
(5) [renewable energy electric generation;
[(6)] electric power generation using integrated
gasification combined cycle technology;
(6) [(7)] nuclear electric power generation;
(7) [(8)] a computer center primarily used in
connection with one or more activities described by Subdivisions
(1) through (6) [(7)] conducted by the entity; or
(8) [(9)] a Texas priority project.
SECTION 2. Section 313.024(e)(2), Tax Code, is repealed.
SECTION 3. The change in law made by this Act applies only
to an agreement entered into under Chapter 313, Tax Code, on or
after the effective date of this Act. An agreement entered into
under that chapter before the effective date of this Act is governed
by the law in effect on the date the agreement was entered into, and
the former law is continued in effect for that purpose.
SECTION 4. This Act takes effect September 1, 2021.