Texas Tax Code

§ 151.4291 — TAX REFUNDS FOR DEFENSE READJUSTMENT PROJECTS

TX § 151.4291Title 2. STATE TAXATION · Part E. SALES, EXCISE, AND USE TAXES · Ch. 151. LIMITED SALES, EXCISE, AND USE TAX · Art. I. REPORTS, PAYMENTS, AND METHODS OF REPORTING

Statute text

View on source

(a)A defense readjustment project is eligible for a refund in the amount provided by this section of the taxes imposed by this chapter on purchases of:

(1)equipment or machinery sold to a defense readjustment project for use in a readjustment zone;

(2)building materials sold to a defense readjustment project for use in remodeling, rehabilitating, or constructing a structure in a readjustment zone;

(3)labor for remodeling, rehabilitating, or constructing a structure by a defense readjustment project in a readjustment zone; and

(4)electricity and natural gas purchased and consumed in the normal course of business in the readjustment zone.

(b)Subject to the limitations provided by Subsection (c) of this section, a defense readjustment project qualifies for a refund of taxes under this section of $2,500 for each new permanent job or job that has been retained by the defense readjustment project for a qualified employee.

…