Bill Text: TX HB3326 | 2011-2012 | 82nd Legislature | Introduced


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: (Engrossed - Dead) 2011-05-13 - Referred to Finance [HB3326 Detail]

Download: Texas-2011-HB3326-Introduced.html
  82R3169 KLA-D
 
  By: Woolley H.B. No. 3326
 
 
 
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.
         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, 2012.
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