By: Bonnen of Brazoria	H.B. No. 33

	A BILL TO BE ENTITLED
	AN ACT
	relat
	ing to the EZ computation of the franchise tax.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1.  Section 171.1016, Tax Code, is amended to read as
	follows:
	Sec. 171.1016.  E-Z COMPUTATION [AND RATE].  (a)
	Notwithstanding any other provision of this chapter, a taxable
	entity whose total revenue from its entire business is not more than
	$10 million may elect to pay the tax imposed under this chapter in
	the amount computed under [and at the rate provided by] this section
	rather than in the amount computed and at the tax rate provided by
	Section 171.002.
	(b)  The amount of the tax for which a taxable entity that
	elects to pay the tax as provided by this section is liable is
	computed by:
	(1)  determining the taxable entity's total revenue
	from its entire business, as determined under Section 171.1011;
	(2)  apportioning the amount computed under
	Subdivision (1) to this state, as provided by Section 171.106, to
	determine the taxable entity's apportioned total revenue; and
	(3)  finding the amount of tax in the table below that
	corresponds to the taxable entity's apportioned total revenue:
	Apportioned Total Revenue Tax
	$1,000,001-$2,000,000 $1
	$2,000,001-$3,000,000 $2
	$3,000,001-$4,000,000 $3
	$4,000,001-$5,000,000 $4
	$5,000,001-$6,000,000 $5
	$6,000,001-$7,000,000 $6
	$7,000,001-$8,000,000 $7
	$8,000,001-$9,000,000 $8
	$9,000,001-$10,000,000 $9
	[(3)     multiplying the amount computed under
	Subdivision (2) by the rate of 0.575 percent.]
	(c)  A taxable entity that elects to pay the tax as provided
	by this section may not take a credit, deduction, or other
	adjustment that is not specifically authorized by this section.
	(d)  Repealed by Acts 2013, 83rd Leg., R.S., Ch. 1232, Sec.
	15, eff. January 1, 2014.
	(e)  A reference in this chapter or other law to the rate of
	the franchise tax means, as appropriate, the rate under Section
	171.002 or, for a taxable entity that elects to pay the tax as
	provided by this section, the rate calculated by dividing the
	amount of tax determined according to the table in Subsection
	(b)(3) by the taxable entity's apportioned total revenue [under
	this section].
	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, 2016.