Bill Text: TX SB476 | 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 1-0)
Status: (Introduced - Dead) 2011-02-14 - Referred to Finance [SB476 Detail]
Download: Texas-2011-SB476-Introduced.html
| 82R2418 MXM-D | ||
| By: Patrick | S.B. No. 476 | |
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| 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. | ||
