Texas Government Code 2310.404 – State Tax Refunds and Credits; Report
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(a) Subject to Section 2310.413, a defense readjustment project is eligible for:
(1) a refund of state taxes under Section 151.4291, Tax Code;
(2) a franchise tax credit under Subchapter P or Q, Chapter 171, Tax Code; and
(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.
(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.
Terms Used In Texas Government Code 2310.404
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Year: means 12 consecutive months. See Texas Government Code 311.005