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Texas Statutes (Last Updated: January 4, 2014) |
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TAX CODE |
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Title 2. STATE TAXATION |
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Subtitle F. FRANCHISE TAX |
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Chapter 171. FRANCHISE TAX |
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Subchapter E. REPORTS AND RECORDS |
Sec. 171.215. STUDY OF INCENTIVES FOR RESEARCH AND DEVELOPMENT ACTIVITIES
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(a) The Legislative Budget Board shall conduct a study of:
(1) the costs and benefits to the state of reenacting the tax credit for research and development activities in effect under Subchapter O before the repeal of that subchapter by Chapter 1 (H.B. 3), Acts of the 79th Legislature, 3rd Called Session, 2006; and
(2) the types of research and development incentives available in other states.
(b) The Legislative Budget Board may seek the assistance of other state agencies in conducting the study, but the study must be completed using existing resources available to the Legislative Budget Board and any assisting agencies.
(c) The Legislative Budget Board shall report the results of the study to the legislature not later than January 1, 2013.
(d) This section expires September 1, 2013.