Bill Text: TX HB3647 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to ready-mix concrete trucks.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-03-19 - Referred to Ways & Means [HB3647 Detail]
Download: Texas-2015-HB3647-Introduced.html
By: Larson | H.B. No. 3647 |
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relating to ready-mix concrete trucks. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 171.1012(a)(2), Tax Code, is amended to | ||
read as follows: | ||
(2) "Production" includes construction, installation, | ||
manufacture, development, mining, extraction, improvement, | ||
creation, raising, or growth. The term includes the manufacture of | ||
a good while in transit. | ||
SECTION 2. Section 171.1012(d), Tax Code, is amended to | ||
read as follows: | ||
(d) In addition to the amounts includable under Subsection | ||
(c), the cost of goods sold includes the following costs in relation | ||
to the taxable entity's goods: | ||
(1) deterioration of the goods; | ||
(2) obsolescence of the goods; | ||
(3) spoilage and abandonment, including the costs of | ||
rework labor, reclamation, and scrap; | ||
(4) if the property is held for future production, | ||
preproduction direct costs allocable to the property, including | ||
costs of purchasing the goods and of storage and handling the goods, | ||
as provided by Subsections (c)(4) and (c)(5); | ||
(5) postproduction direct costs allocable to the | ||
property, including storage and handling costs, as provided by | ||
Subsections (c)(4) and (c)(5); | ||
(6) the cost of insurance on a plant or a facility, | ||
machinery, equipment, or materials directly used in the production | ||
of the goods; | ||
(7) the cost of insurance on the produced goods; | ||
(8) the cost of utilities, including electricity, gas, | ||
and water, directly used in the production of the goods; | ||
(9) the costs of quality control, including | ||
replacement of defective components pursuant to standard warranty | ||
policies, inspection directly allocable to the production of the | ||
goods, and repairs and maintenance of goods; [ |
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(10) licensing or franchise costs, including fees | ||
incurred in securing the contractual right to use a trademark, | ||
corporate plan, manufacturing procedure, special recipe, or other | ||
similar right directly associated with the goods produced; and | ||
(11) production costs allocable to the manufacturing | ||
of a good while in transit. | ||
SECTION 3. Section 622.011(a), Transportation Code, is | ||
amended to read as follows: | ||
(a) In this subchapter, "ready-mixed concrete truck" means: | ||
(1) a vehicle designed exclusively to transport or | ||
manufacture ready-mixed concrete and includes a vehicle designed | ||
exclusively to transport while manufacturing [ |
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ready-mixed concrete; [ |
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(2) a concrete pump truck; or | ||
(3) a volumetric ready-mix concrete truck. | ||
SECTION 4. The changes in law made by this Act to Section | ||
171.1012, Tax Code, apply only to a report originally due on or | ||
after January 1, 2016. | ||
SECTION 5. This Act takes effect September 1, 2015. |