Bill Text: TX HB2941 | 2013-2014 | 83rd Legislature | Introduced

Texas House Bill 2941 (Prior Session Legislation)

Introduced

Bill Title: Relating to a sales and use tax exemption for certain property and services used in research and development activities performed in conjunction with institutions of higher education.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2013-04-10 - Left pending in committee [HB2941 Detail]

Download: Texas-2013-HB2941-Introduced.html

	83R12348 KLA-F

	By: Alvarado	H.B. No. 2941



	A BILL TO BE ENTITLED
	AN ACT
	relating to a sales and use tax exemption for certain property and
	services used in research and development activities performed in
	conjunction with institutions of higher education.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Subchapter H, Chapter 151, Tax Code, is amended
	by adding Section 151.3182 to read as follows:
	Sec. 151.3182. CERTAIN PROPERTY AND SERVICES USED IN
	RESEARCH AND DEVELOPMENT ACTIVITIES. (a) In this section:
	(1) "Internal Revenue Code" means the Internal Revenue
	Code of 1986 in effect on December 31, 2011, excluding any changes
	made by federal law after that date, but including any regulations
	adopted under that code applicable to the tax year to which the
	provisions of the code in effect on that date applied.
	(2) "Public or private institution of higher
	education" means:
	(A) an institution of higher education, as
	defined by Section 61.003, Education Code; or
	(B) a private or independent institution of
	higher education, as defined by Section 61.003, Education Code.
	(3) "Qualified research" and "qualified service" have
	the meanings assigned by Section 41, Internal Revenue Code.
	(b) The sale, storage, use, or other consumption of tangible
	personal property directly used or consumed in qualified research
	or of qualified services is exempted from the taxes imposed by this
	chapter if the property or services are sold, leased, or rented to,
	or stored, used, or consumed by, a person engaged in qualified
	research under contracts with one or more public or private
	institutions of higher education.
	SECTION 2. Section 151.3182, Tax Code, as added by this Act,
	does not affect tax liability accruing before the effective date of
	this Act. That liability continues in effect as if this Act had not
	been enacted, and the former law is continued in effect for the
	collection of taxes due and for civil and criminal enforcement of
	the liability for those taxes.
	SECTION 3. This Act takes effect October 1, 2013.