Bill Text: TX HB429 | 2011-2012 | 82nd Legislature | Introduced


Bill Title: Relating to the classification of automotive repair shops as primarily engaged in retail trade for purposes of the franchise tax.

Spectrum: Partisan Bill (Republican 3-0)

Status: (Introduced - Dead) 2011-04-26 - Left pending in committee [HB429 Detail]

Download: Texas-2011-HB429-Introduced.html
  82R2418 MXM-D
 
  By: Fletcher H.B. No. 429
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the classification of automotive repair shops 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)  the activities classified as Industry Group
  753 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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