83rd Texas Legislature, Regular Session, House Bill 800, Chapter 1266 Page: 3 of 13
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H.B. No. 800
1 leased, or rented to, or stored or used by, a person who:
2 (1) is engaged in qualified research; and
3 (2) will not, as a taxable entity as defined by Section
4 171.0002 or as a member of a combined group that is a taxable
5 entity, claim a credit under Subchapter M, Chapter 171, on a
6 franchise tax report for the period during which the sale, storage,
7 or use occurs.
8 (c) Before the beginning of each regular session of the
9 legislature, the comptroller shall submit to the legislature and
10 the governor:
11 (1) an estimate of the total number of persons who
12 received exemptions under this section and an estimate of the total
13 amount of those exemptions; and
14 (2) an evaluation of the effect of the exemption under
15 this section, in combination with the credit authorized by
16 Subchapter M, Chapter 171, that is conducted by an independent
17 researcher at a center for research authorized by Section 1.005,
18 Education Code, on:
19 (A) the amount of qualified research performed in
20 this state;
21 (B) employment in research and development in
22 this state;
23 (C) economic activity in this state; and
24 (D) state tax revenues.
25 (d) The comptroller shall require a person who receives an
26 exemption under this section to complete a form to provide the
27 information necessary for the comptroller to make the evaluation
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Texas. Legislature. House of Representatives. 83rd Texas Legislature, Regular Session, House Bill 800, Chapter 1266, legislative document, June 14, 2013; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth438624/m1/3/: accessed August 15, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.