Laserfiche WebLink
LOCAL GOVERNMENT CODE CHAPTER 501. PROVISIONS GOVERNING DEVELOPMENT CORPORATIONS <br />(b) Notwithstanding any other provision of this subtitle, a corporation <br />may not offer to provide an economic incentive for a business enterprise whose <br />business consists primarily of purchasing taxable items using a resale <br />certificate and then reselling those items to a related party. <br />Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April <br />1, 2009. <br />Sec. 501.162. USE OF TAX REVENUE FOR JOB TRAINING. A corporation may <br />spend tax revenue received under this subtitle for job training offered through <br />a business enterprise only if the business enterprise has committed in writing <br />to: <br />(1) create new jobs that pay wages that are at least equal to the <br />prevailing wage for the applicable occupation in the local labor market area; or <br />(2) increase its payroll to pay wages that are at least equal to the <br />prevailing wage for the applicable occupation in the local labor market area. <br />Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April <br />1, 2009. <br />Text of section as added by Acts 2013, 83rd Leg., R.S., Ch. 1283 (H.B. 1967), <br />Sec. 1 <br />For text of section as added by Acts 2013, 83rd Leg., R.S., Ch. 1295 (H.B. <br />2473), Sec. 1, see other Sec. 501.163. <br />Sec. 501.163. USE OF TAX REVENUE FOR JOB-RELATED SKILLS TRAINING BY <br />CERTAIN CORPORATIONS. (a) This section applies only to a corporation the <br />creation of which was authorized by a municipality that: <br />(1) has a population of 10,000 or more; <br />(2) is located in a county bordering the Gulf of Mexico or the Gulf <br />Intracoastal Waterway; and <br />(3) has, or is included in a metropolitan statistical area of this <br />state that has, an unemployment rate that averaged at least two percent above <br />the state average for the most recent two consecutive years for which statistics <br /> are available. <br />(b) A corporation may spend tax revenue received under this subtitle for <br />job training that consists of: <br />(1) providing job-related life skills sufficient to enable an <br />unemployed individual to obtain employment; and <br />(2) providing job training skills sufficient to enable an unemployed <br />individual to obtain employment. <br />http://www.statutes.legis.state.tx.us/Docs/LG/htm/LG.501.htm\[9/22/2014 3:35:01 PM\] <br /> <br />