By: Perry S.B. No. 1824
 
  (Murphy)
 
   
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the exclusion from total revenue of certain payments
  made by a performing rights society for purposes of computing the
  franchise tax.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 171.1011, Tax Code, is amended by adding
  Subsection (g-12) to read as follows:
         (g-12)  A taxable entity that is a performing rights society
  that licenses the public performance of nondramatic musical works
  on behalf of a copyright owner shall exclude from its total revenue,
  to the extent included under Subsection (c)(1)(A), (c)(2)(A), or
  (c)(3), payments made to the public performance rights holder and
  the copyright owner for whom the taxable entity licenses the public
  performance.
         SECTION 2.  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, 2019.