Sec. 2310.404. STATE TAX REFUNDS AND CREDITS; REPORT. (a) Subject to Section 2310.413, a defense readjustment project is eligible for:
(1) a refund of state taxes under Section 151.4291, Tax Code;
(2) a franchise tax credit under Subchapter P or Q, Chapter 171, Tax Code; and
(3) the exclusion of receipts from service performed in a readjustment zone in the determination of gross receipts from business done in this state under Sections 171.103 and 171.1032, Tax Code.
(b) Not later than the 60th day after the last day of each fiscal year, the comptroller shall report to the department the statewide total of the tax refunds or credits made under this section during that fiscal year.
Amended by:
Acts 2005, 79th Leg., Ch. 1280 (H.B. 2340), Sec. 8, eff. September 1, 2005.
Structure Texas Statutes
Subtitle G - Economic Development Programs Involving Both State and Local Governments
Chapter 2310 - Defense Economic Readjustment Zone
Subchapter F. Readjustment Zone Benefits
Section 2310.401. Exemptions From State Regulation; Suspension of Local Regulation
Section 2310.402. Review of State Agency Rules; Report
Section 2310.403. State Preferences
Section 2310.404. State Tax Refunds and Credits; Report
Section 2310.405. Local Sales and Use Tax Refunds
Section 2310.406. Reduction or Elimination of Local Fees or Taxes
Section 2310.407. Tax Increment Financing and Abatement
Section 2310.408. Development Bonds
Section 2310.409. Other Local Incentives
Section 2310.410. Disposition of Public Property in Readjustment Zone
Section 2310.411. Waiver of Performance Bond
Section 2310.412. Liability of Contractor or Architect
Section 2310.413. Monitoring Defense Readjustment Project Commitments