Bill Text: TX HB1981 | 2013-2014 | 83rd Legislature | Introduced

Texas House Bill 1981 (Prior Session Legislation)

TX State Legislature page for HB1981

Introduced

Bill Title: Relating to the exclusion of certain amounts from the total revenue of a taxable entity that is a motor carrier for purposes of the franchise tax.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2013-04-02 - Left pending in committee [HB1981 Detail]

Download: Texas-2013-HB1981-Introduced.html

	83R11111 KLA-F

	By: Murphy	H.B. No. 1981



	A BILL TO BE ENTITLED
	AN ACT
	relating to the exclusion of certain amounts from the total revenue
	of a taxable entity that is a motor carrier for purposes of the
	franchise tax.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 171.1011, Tax Code, is amended by adding
	Subsection (x) to read as follows:
	(x) A taxable entity that is registered as a motor carrier
	under Chapter 643, Transportation Code, shall exclude from its
	total revenue, to the extent included under Subsection (c)(1)(A),
	(c)(2)(A), or (c)(3), flow-through revenue derived from taxes and
	fees.
	SECTION 2. This Act applies only to a report originally due
	on or after the effective date of this Act.
	SECTION 3. This Act takes effect January 1, 2014.