This section adds a new section to an existing chapter 82.04. Here is the modified chapter for context.
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A person is allowed a one-time credit against the tax due under this chapter as provided in this section. The credit equals $5,000.
To be eligible for the credit authorized in this section, a person must have been registered to conduct business in the state in calendar year 2020.
The credit may be used against any tax due under this chapter, and a person may only use the credit once. Any unused portion of the credit may not be carried over, and no refunds may be granted for credits under this section.
No credits may be claimed under this section after December 31, 2021.
This section expires January 1, 2022.