81R19908 JE-F

By: McCall, Zerwas, Shelton, H.B. No. 1994

Howard of Travis, King of Taylor, et al.

Substitute the following for H.B. No. 1994:

By: Oliveira C.S.H.B. No. 1994

A BILL TO BE ENTITLED

AN ACT

relating to a deduction under the franchise tax for physicians who administer vaccines.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Section 171.1011(p), Tax Code, is amended by adding Subdivision (8) to read as follows:

(8) "Vaccine" means a preparation of dead, or live attenuated, viruses or bacteria used to prevent an infectious disease by inducing active immunity.

SECTION 2. Section 171.1011, Tax Code, is amended by adding Subsection (u) to read as follows:

(u) A taxable entity may exclude from total revenue the actual cost paid by the taxable entity for a vaccine that is to be administered by:

(1) a physician licensed under Subtitle B, Title 3, Occupations Code; or

(2) a person directed by a physician licensed under Subtitle B, Title 3, Occupations Code.

SECTION 3. This Act applies only to a report originally due on or after the effective date of this Act.

SECTION 4. This Act takes effect January 1, 2010.