Bill Amendment: TX HB1556 | 2021-2022 | 87th Legislature

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: Relating to the Texas Economic Development Act; requiring the imposition of an authorized fee and changing the amounts of certain fees.

Status: 2021-05-10 - Postponed 6/1/21 10:00 AM [HB1556 Detail]

Download: Texas-2021-HB1556-House_Amendment_H_2_6-Rosenthal.html

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Amend CSHB 1556 (house committee printing) as follows:

(1)  On page 5, line 15, strike "Section 313.024(c), Tax Code, is" and substitute "Sections 313.024(c) and (d), Tax Code, are".

(2)  On page 6, between lines 13 and 14, insert the following:

(d)  To be eligible for a limitation on appraised value under this subchapter:

(1)  [,] the property owner must create the required number of new qualifying jobs as defined by Section 313.021(3);

(2)  at least 50 percent of all new qualifying jobs as defined by Section 313.021(3) created by the owner must be filled by residents of a county in which the school district is located; and

(3)  the average weekly wage for all jobs created by the owner that are not qualifying jobs must exceed the county average weekly wage for all jobs in the county where the jobs are located.