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House Bill 2891 |
House Author: Otto et al. |
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Effective: 1-1-16 |
Senate Sponsor: Perry et al. |
House Bill 2891 amends the Business Organizations Code and Tax Code to include a limited partnership and a professional association on which the franchise tax is imposed among the entities required to file a franchise tax public information report with the comptroller of public accounts. The bill excludes a limited partnership that is required to file such a public information report from a periodic reporting requirement applicable to limited partnerships registered to transact business in Texas. The bill also repeals the requirement that a professional association file an annual statement with the secretary of state.