Bill Text: TX SB1841 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to certain requirements for designation as a qualified business under the enterprise zone program.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2019-03-18 - Referred to Natural Resources & Economic Development [SB1841 Detail]
Download: Texas-2019-SB1841-Introduced.html
86R5624 CLG-F | ||
By: Hinojosa | S.B. No. 1841 |
|
||
|
||
relating to certain requirements for designation as a qualified | ||
business under the enterprise zone program. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 2303.401, Government Code, is amended to | ||
read as follows: | ||
Sec. 2303.401. DEFINITIONS. In this subchapter: | ||
(1) "New permanent job" means any [ |
||
position, regardless of title, that: | ||
(A) is created by a qualified business as | ||
described by Section 2303.402 at the qualified business site not | ||
earlier than the 90th day before the date the business's project or | ||
activity is designated as an enterprise project under this chapter; | ||
(B) will provide or has provided for the duration | ||
of the project's designation period at least 1,820 hours of | ||
employment a year to a qualified employee; and | ||
(C) will exist or has existed at the qualified | ||
business site for [ |
||
(i) the duration of the project's | ||
designation period; or | ||
(ii) three years after the date on which a | ||
state benefit is received as authorized by this chapter. | ||
(2) "Retained job" means any employment position, | ||
regardless of title, [ |
||
(A) existed with a qualified business on the 91st | ||
day before the date the business's project or activity is | ||
designated as an enterprise project; | ||
(B) has provided and will continue to provide | ||
employment to a qualified employee of at least 1,820 hours | ||
annually; and | ||
(C) will be or has been an employment position | ||
for [ |
||
(i) the duration of the project's | ||
designation period; or | ||
(ii) three years after the expiration date | ||
of the claim period for receipt of a state benefit authorized by | ||
this chapter. | ||
SECTION 2. Section 2303.402(a), Government Code, is amended | ||
to read as follows: | ||
(a) A person is a qualified business if the bank, for the | ||
purpose of state benefits under this chapter, or the nominating | ||
body of a project or activity of the person under this chapter, for | ||
the purpose of local incentives, certifies that: | ||
(1) the person is engaged in or has provided | ||
substantial commitment to initiate the active conduct of a trade or | ||
business in an enterprise zone, and at least 25 percent of the | ||
person's new permanent jobs in the enterprise zone are held by: | ||
(A) residents of any enterprise zone in this | ||
state; | ||
(B) economically disadvantaged individuals; [ |
||
(C) veterans; or | ||
(D) residents of any area in this state | ||
designated by the federal government as an opportunity zone; or | ||
(2) the person is engaged in or has provided | ||
substantial commitment to initiate the active conduct of a trade or | ||
business in an area of this state that does not qualify as an | ||
enterprise zone, and at least 35 percent of the person's new | ||
permanent jobs at the qualified business site are held by: | ||
(A) residents of any enterprise zone in this | ||
state; | ||
(B) individuals who are economically | ||
disadvantaged; [ |
||
(C) veterans; or | ||
(D) residents of any area in this state | ||
designated by the federal government as an opportunity zone. | ||
SECTION 3. The changes in law made by this Act apply only to | ||
an application for an enterprise project designation under the | ||
enterprise zone program established under Chapter 2303, Government | ||
Code, as amended by this Act, that is submitted on or after the | ||
effective date of this Act. An application for an enterprise | ||
project designation under the enterprise zone program that is | ||
submitted before the effective date of this Act is governed by the | ||
law in effect on the date the application was submitted, and the | ||
former law is continued in effect for that purpose. | ||
SECTION 4. This Act takes effect September 1, 2019. |