1. (a) Subject to Section 2310.413, a defense readjustment project is eligible for:

   1. (1) a refund of state taxes under Section 151.4291, Tax Code;
   2. (2) a franchise tax credit under Subchapter P or Q, Chapter 171, Tax Code; and
   3. (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.
2. (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.

Added by Acts 1997, 75th Leg., R.S., Ch. 114 (S.B. 226), Sec. 1, eff. May 19, 1997.

Acts 2001, 77th Leg., R.S., Ch. 1134 (H.B. 2686), Sec. 1.04, eff. September 1, 2001.

Acts 2001, 77th Leg., R.S., Ch. 1134 (H.B. 2686), Sec. 2.03, eff. September 1, 2005.

Acts 2003, 78th Leg., R.S., Ch. 814 (S.B. 275), Sec. 3.47, eff. September 1, 2003.

Acts 2003, 78th Leg., R.S., Ch. 814 (S.B. 275), Sec. 3.48, eff. September 1, 2003.

Acts 2005, 79th Leg., R.S., Ch. 1280 (H.B. 2340), Sec. 8, eff. September 1, 2005.