| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to the total revenue exemption for the franchise tax. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 1(c), Chapter 286 (H.B. 4765), Acts of |
|
|
the 81st Legislature, Regular Session, 2009, is amended to read as |
|
|
follows: |
|
|
(c) This [If this section takes effect, this] section |
|
|
expires December 31, 2013 [2011]. |
|
|
SECTION 2. Section 2(b), Chapter 286 (H.B. 4765), Acts of |
|
|
the 81st Legislature, Regular Session, 2009, is amended to read as |
|
|
follows: |
|
|
(b) This section takes effect January 1, 2014 [2012, if H.B.
|
|
|
No. 2154, Acts of the 81st Legislature, Regular Session, 2009,
|
|
|
amends Section 155.0211, Tax Code, in a manner that results in an
|
|
|
increase in the revenue from the tax under that section during the
|
|
|
state fiscal biennium beginning September 1, 2009, that is
|
|
|
attributable to that change, and that Act is enacted and becomes
|
|
|
law. If H.B. No. 2154, Acts of the 81st Legislature, Regular
|
|
|
Session, 2009, does not amend Section 155.0211, Tax Code, in that
|
|
|
manner or is not enacted or does not become law, this section takes
|
|
|
effect January 1, 2010]. |
|
|
SECTION 3. Section 3(b), Chapter 286 (H.B. 4765), Acts of |
|
|
the 81st Legislature, Regular Session, 2009, is amended to read as |
|
|
follows: |
|
|
(b) This section takes effect January 1, 2014 [2012, if H.B.
|
|
|
No. 2154, Acts of the 81st Legislature, Regular Session, 2009,
|
|
|
amends Section 155.0211, Tax Code, in a manner that results in an
|
|
|
increase in the revenue from the tax under that section during the
|
|
|
state fiscal biennium beginning September 1, 2009, that is
|
|
|
attributable to that change, and that Act is enacted and becomes
|
|
|
law. If H.B. No. 2154, Acts of the 81st Legislature, Regular
|
|
|
Session, 2009, does not amend Section 155.0211, Tax Code, in that
|
|
|
manner or is not enacted or does not become law, this section takes
|
|
|
effect January 1, 2010]. |
|
|
SECTION 4. This Act takes effect immediately if it receives |
|
|
a vote of two-thirds of all the members elected to each house, as |
|
|
provided by Section 39, Article III, Texas Constitution. If this |
|
|
Act does not receive the vote necessary for immediate effect, this |
|
|
Act takes effect September 1, 2011. |