Bill Text: TX HB317 | 2013-2014 | 83rd Legislature | Comm Sub

Texas House Bill 317 (Prior Session Legislation)

Bill Title: Relating to the classification of certain entities as primarily engaged in retail trade for purposes of the franchise tax.

Sponsorship: Partisan Bill (Republican 5)

Status: (Engrossed - Dead) 2013-05-09 - Reported from s/c favorably w/o amendments [HB317 Detail]

Download: Texas-2013-HB317-Comm_Sub.html

	83R2330 ADM-F

	By: Otto, Cook, et al.	H.B. No. 317



	A BILL TO BE ENTITLED
	AN ACT
	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; [~~and~~]
	(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; and
	(C) rental-purchase agreement activities
	regulated by Chapter 92, Business & Commerce Code.
	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.