Bill Text: TX HB3422 | 2015-2016 | 84th Legislature | Introduced

Texas House Bill 3422 (Prior Session Legislation)

Introduced

Bill Title: Relating to the computation of cost of goods for purposes of the franchise tax by certain taxable entities.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2015-03-17 - Referred to Ways & Means [HB3422 Detail]

Download: Texas-2015-HB3422-Introduced.html



	By: Thompson of Brazoria	H.B. No. 3422



	A BILL TO BE ENTITLED
	AN ACT


	relating to the computation of cost of goods for purposes of the
	franchise tax by certain taxable entities.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 171.1011, Tax Code, is amended by adding
	subsection (g-12) to read as follows:
	(g-12) A taxable entity that is primarily engaged in the
	resell of tickets to entertainment events shall exclude from its
	total revenue, to the extent included under Subsection (c)(1)(A),
	(c)(2)(A), or (c)(3), payments made to other persons for the
	original purchase of a ticket being resold.
	SECTION 2. This Act takes effect September 1, 2015.