Honorable Rene Oliveira, Chair, House Committee on Ways & Means
John S. O'Brien, Director, Legislative Budget Board
HB3778 by Howard, Charlie (Relating to the exclusion of certain flow-through funds in determining total revenue for purposes of the franchise tax.), As Introduced
|Fiscal Year||Probable Net Positive/(Negative) Impact to General Revenue Related Funds|
|Fiscal Year||Probable Revenue Gain/(Loss) from
Property Tax Relief Fund
The bill would amend Chapter 171 of the Tax Code, regarding the franchise tax, by adding a provision relating to exclusions from total revenue.
The bill would allow a taxable entity to exclude from total revenue subcontracting payments made to nonemployee agents for the performance of delivery services on behalf of the taxable entity.
The bill would take effect on January 1, 2010, and apply to a report due on or after that date.
The estimate is based on data in the Comptroller's tax files from 2008 franchise tax reports.
304 Comptroller of Public Accounts
JOB, MN, SD