Bill Text: TX HB358 | 2015-2016 | 84th Legislature | Introduced

Texas House Bill 358 (Prior Session Legislation)

Introduced

Bill Title: Relating to the inclusion of the costs of accepting credit and debit cards in the cost of goods sold for purposes of computing the franchise tax.

Sponsorship: Moderate Partisan Bill (Republican 4-1)

Status: (Introduced - Dead) 2015-02-12 - Referred to Ways & Means [HB358 Detail]

Download: Texas-2015-HB358-Introduced.html

	84R2398 ADM-F

	By: Button	H.B. No. 358



	A BILL TO BE ENTITLED
	AN ACT
	relating to the inclusion of the costs of accepting credit and debit
	cards in the cost of goods sold for purposes of computing the
	franchise tax.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 171.1012, Tax Code, is amended by adding
	Subsection (p) to read as follows:
	(p) Notwithstanding Subsection (e)(2) or any other
	provision of this section, the cost of goods sold includes the costs
	attributable to the acceptance of credit cards and debit cards as a
	means of payment.
	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, 2016.