Bill Text: TX HB2684 | 2013-2014 | 83rd Legislature | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
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-Comm_Sub.html
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-Comm_Sub.html
| 83R10564 CJC-F | ||
| By: Button, Otto, Bohac, Strama, Ashby, | H.B. No. 2684 | |
| et al. | ||
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| 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. | ||
