Bill Text: TX HB1089 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to the classification of certain entities as primarily engaged in retail trade for purposes of the franchise tax.
Spectrum: Bipartisan Bill
Status: (Engrossed - Dead) 2019-05-07 - Left pending in committee [HB1089 Detail]
Download: Texas-2019-HB1089-Introduced.html
86R5434 SMT-F | ||
By: Darby | H.B. No. 1089 |
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relating to the classification of certain entities as primarily | ||
engaged in retail trade for purposes of the franchise tax. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 171.0001(12), Tax Code, is amended to | ||
read as follows: | ||
(12) "Retail trade" means: | ||
(A) the activities described in Division G of the | ||
1987 Standard Industrial Classification Manual published by the | ||
federal Office of Management and Budget; | ||
(B) apparel rental activities classified as | ||
Industry 5999 or 7299 of the 1987 Standard Industrial | ||
Classification Manual published by the federal Office of Management | ||
and Budget; | ||
(C) the activities classified as Industry Group | ||
753 of the 1987 Standard Industrial Classification Manual published | ||
by the federal Office of Management and Budget; | ||
(D) rental-purchase agreement activities | ||
regulated by Chapter 92, Business & Commerce Code; | ||
(E) activities involving the rental or leasing of | ||
tools, party and event supplies, and furniture that are classified | ||
as Industry 7359 of the 1987 Standard Industrial Classification | ||
Manual published by the federal Office of Management and Budget; | ||
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(F) heavy construction equipment rental or | ||
leasing activities classified as Industry 7353 of the 1987 Standard | ||
Industrial Classification Manual published by the federal Office of | ||
Management and Budget; and | ||
(G) activities involving the rental of | ||
industrial uniforms, industrial garments, and industrial linen | ||
supplies that are classified as Industry 7213 or 7218 of the 1987 | ||
Standard Industrial Classification Manual published by the federal | ||
Office of Management and Budget. | ||
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, 2021. |