Bill Text: TX HB1733 | 2013-2014 | 83rd Legislature | Introduced


Bill Title: Relating to the exclusion of certain flow-through funds by taxable entities engaged in the business of transporting aggregates in determining total revenue for purposes of the franchise tax.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2013-05-09 - Placed on General State Calendar [HB1733 Detail]

Download: Texas-2013-HB1733-Introduced.html
  83R6557 KLA-F
 
  By: Hilderbran H.B. No. 1733
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the exclusion of certain flow-through funds by taxable
  entities engaged in the business of transporting aggregates in
  determining total revenue for purposes of 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-8) to read as follows:
         (g-8)  A taxable entity that is primarily engaged in the
  business of transporting aggregates shall exclude from its total
  revenue, to the extent included under Subsection (c)(1)(A),
  (c)(2)(A), or (c)(3), subcontracting payments made by the taxable
  entity to nonemployee agents for the performance of delivery
  services on behalf of the taxable entity. In this subsection,
  "aggregates" means any commonly recognized construction material
  removed or extracted from the earth, including dimension stone,
  crushed and broken limestone, crushed and broken granite, other
  crushed and broken stone, construction sand and gravel, industrial
  sand, dirt, soil, cementitious material, and caliche.
         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.
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