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A BILL TO BE ENTITLED
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AN ACT
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relating to the exclusion of certain amounts from the total revenue |
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of a taxable entity that is a motor carrier for purposes of the |
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franchise tax. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 171.1011, Tax Code, is amended by adding |
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Subsection (x) to read as follows: |
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(x) A taxable entity that is registered as a motor carrier |
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under Chapter 643, Transportation Code, shall exclude from its |
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total revenue, to the extent included under Subsection (c)(1)(A), |
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(c)(2)(A), or (c)(3), flow-through revenue derived from taxes and |
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fees. |
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SECTION 2. This Act applies only to a report originally due |
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on or after the effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2014. |