Sec. 2303.4071. MAXIMUM TAX REFUND. (a) In this section:
(1) "Double jumbo enterprise project" and "triple jumbo enterprise project" have the meanings assigned by Section 2303.407.
(2) "Half enterprise project" means an enterprise project split into two half designations as provided by Section 2303.406(d-1).
(b) An enterprise project is eligible for a maximum refund of $250,000 in each state fiscal year.
(c) A double jumbo enterprise project is eligible for a maximum refund of $500,000 in each state fiscal year.
(d) A triple jumbo enterprise project is eligible for a maximum refund of $750,000 in each state fiscal year.
(e) A half enterprise project is eligible for a maximum refund not to exceed $125,000 in each state fiscal year and is subject to the capital investment and job allocation requirements under Section 2303.407(b)(1), (2), or (3).
Added by Acts 2003, 78th Leg., ch. 814, Sec. 3.17, eff. Sept. 1, 2003.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 591 (S.B. 100), Sec. 8, eff. September 1, 2015.
Section: Previous 2303.403 2303.404 2303.405 2303.4051 2303.4052 2303.406 2303.407 2303.4071 2303.4072 2303.408 2303.501 2303.502 2303.503 2303.504 2303.505 NextLast modified: September 28, 2016