Bill Text: TX HB2250 | 2017-2018 | 85th Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the classification of certain entities as primarily engaged in retail trade for purposes of the franchise tax.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2017-05-09 - Placed on General State Calendar [HB2250 Detail]
Download: Texas-2017-HB2250-Introduced.html
Bill Title: Relating to the classification of certain entities as primarily engaged in retail trade for purposes of the franchise tax.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2017-05-09 - Placed on General State Calendar [HB2250 Detail]
Download: Texas-2017-HB2250-Introduced.html
85R3737 ADM-F | ||
By: Darby | H.B. No. 2250 |
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relating to the classification of certain entities as primarily | ||
engaged in retail trade for purposes of the franchise tax. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 171.0001(12), Tax Code, is amended to | ||
read as follows: | ||
(12) "Retail trade" means: | ||
(A) the activities described in Division G of the | ||
1987 Standard Industrial Classification Manual published by the | ||
federal Office of Management and Budget; | ||
(B) apparel rental activities classified as | ||
Industry 5999 or 7299 of the 1987 Standard Industrial | ||
Classification Manual published by the federal Office of Management | ||
and Budget; | ||
(C) the activities classified as Industry Group | ||
753 of the 1987 Standard Industrial Classification Manual published | ||
by the federal Office of Management and Budget; | ||
(D) rental-purchase agreement activities | ||
regulated by Chapter 92, Business & Commerce Code; | ||
(E) activities involving the rental or leasing of | ||
tools, party and event supplies, and furniture that are classified | ||
as Industry 7359 of the 1987 Standard Industrial Classification | ||
Manual published by the federal Office of Management and Budget; | ||
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(F) heavy construction equipment rental or | ||
leasing activities classified as Industry 7353 of the 1987 Standard | ||
Industrial Classification Manual published by the federal Office of | ||
Management and Budget; and | ||
(G) uniform rental activities classified as | ||
Industry 7213 or 7218 of the 1987 Standard Industrial | ||
Classification Manual published by the federal Office of Management | ||
and Budget. | ||
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, 2018. |