Bill Text: TX HB2684 | 2013-2014 | 83rd Legislature | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relating to an exemption from the franchise tax for certain political subdivision corporations.

Spectrum: Moderate Partisan Bill (Republican 13-3)

Status: (Engrossed - Dead) 2013-05-20 - Committee report printed and distributed [HB2684 Detail]

Download: Texas-2013-HB2684-Introduced.html

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83R10564 CJC-F
By: Button H.B. No. 2684

A BILL TO BE ENTITLED
AN ACT
relating to an exemption from the franchise tax for certain
political subdivision corporations.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter B, Chapter 171, Tax Code, is amended
by adding Section 171.086 to read as follows:
Sec. 171.086. EXEMPTION: POLITICAL SUBDIVISION
CORPORATION. A political subdivision corporation formed under
Section 304.001, Local Government Code, is exempted from the
franchise tax.
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.