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A BILL TO BE ENTITLED
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AN ACT
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relating to state tax exemptions. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 151.0101(a), Tax Code, is amended to |
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read as follows: |
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(a) "Taxable services" means: |
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(1) amusement services; |
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(2) cable television services; |
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(3) personal services; |
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(4) motor vehicle parking and storage services; |
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(5) the repair, remodeling, maintenance, and |
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restoration of tangible personal property, except: |
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(A) aircraft; |
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(B) a ship, boat, or other vessel, other than: |
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(i) a taxable boat or motor as defined by |
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Section 160.001; |
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(ii) a sports fishing boat; or |
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(iii) any other vessel used for pleasure; |
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and |
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(C) the repair, maintenance, and restoration of a |
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motor vehicle; [and
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[(D) the repair, maintenance, creation, and
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restoration of a computer program, including its development and
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modification, not sold by the person performing the repair,
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maintenance, creation, or restoration service;] |
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(6) telecommunications services; |
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(7) credit reporting services; |
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(8) debt collection services; |
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(9) insurance services; |
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(10) information services; |
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(11) real property services; |
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(12) data processing services; |
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(13) real property repair and remodeling; |
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(14) security services; |
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(15) telephone answering services; |
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(16) Internet access service; and |
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(17) a sale by a transmission and distribution |
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utility, as defined in Section 31.002, Utilities Code, of |
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transmission or delivery of service directly to an electricity |
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end-use customer whose consumption of electricity is subject to |
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taxation under this chapter. |
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SECTION 2. Section 171.002(d), Tax Code, as effective |
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January 1, 2008, is amended to read as follows: |
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(d) A taxable entity is not required to pay any tax and is |
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not considered to owe any tax for a period if: |
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(1) the amount of tax computed for the taxable entity |
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is less than $1,000; or |
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(2) the amount of the taxable entity's total revenue |
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from its entire business is less than or equal to $750,000 |
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[$300,000] or the amount determined under Section 171.006. |
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SECTION 3. The change in law made by this Act to Section |
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151.0101(a), Tax Code, does not affect taxes imposed before the |
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effective date of this Act, and the law in effect before the |
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effective date of this Act is continued in effect for purposes of |
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the liability for and collection of those taxes. |
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SECTION 4. Section 171.002(d), Tax Code, as amended by this |
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Act, applies only to a report originally due on or after January 1, |
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2008. |
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SECTION 5. (a) Except as otherwise provided by this Act, |
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this Act takes effect July 1, 2007, if it receives a vote of |
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two-thirds of all the members elected to each house, as provided by |
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Section 39, Article III, Texas Constitution. If this Act does not |
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receive the vote necessary for effect on that date, this Act takes |
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effect October 1, 2007. |
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(b) Section 171.002(d), Tax Code, as amended by this Act, |
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takes effect January 1, 2008. |