|
|
|
A BILL TO BE ENTITLED
|
|
AN ACT
|
|
relating to the exemption of certain units conducting bingo games |
|
from the franchise tax. |
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
SECTION 1. Subchapter B, Chapter 171, Tax Code, is amended |
|
by adding Section 171.0635 to read as follows: |
|
Sec. 171.0635. EXEMPTION; UNIT CONDUCTING BINGO GAMES. (a) |
|
In this section: |
|
(1) "Licensed authorized organization" has the |
|
meaning assigned by Section 2001.002, Occupations Code. |
|
(2) "Unit" has the meaning assigned by Section |
|
2001.431, Occupations Code. |
|
(b) A unit composed entirely of licensed authorized |
|
organizations is exempted from the franchise tax. |
|
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, 2010. |