| |
|
| |
|
|
By: Button, et al. (Senate Sponsor - Hinojosa) |
H.B. No. 2684 |
|
|
(In the Senate - Received from the House April 29, 2013; |
|
|
April 29, 2013, read first time and referred to Committee on |
|
|
Finance; May 20, 2013, reported favorably by the following vote: |
|
|
Yeas 14, Nays 0; May 20, 2013, sent to printer.) |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
| |
|
|
relating to an exemption from the franchise tax for certain |
|
|
political subdivision corporations. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Subchapter B, Chapter 171, Tax Code, is amended |
|
|
by adding Section 171.086 to read as follows: |
|
|
Sec. 171.086. EXEMPTION: POLITICAL SUBDIVISION |
|
|
CORPORATION. A political subdivision corporation formed under |
|
|
Section 304.001, Local Government Code, 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, 2014. |
|
|
|
|
|
* * * * * |