Bill Text: TX HJR124 | 2013-2014 | 83rd Legislature | Introduced


Bill Title: Proposing a constitutional amendment requiring any increase in a rate of the franchise tax be approved by two-thirds of all the members elected to each house of the legislature.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2013-03-19 - Referred to Ways & Means [HJR124 Detail]

Download: Texas-2013-HJR124-Introduced.html
  83R5204 KLA-D
 
  By: Anderson H.J.R. No. 124
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment requiring any increase in a
  rate of the franchise tax be approved by two-thirds of all the
  members elected to each house of the legislature.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Article VIII, Texas Constitution, is amended by
  adding Section 29 to read as follows:
         Sec. 29.  (a)  A bill increasing a rate of the franchise tax
  per year of privilege period of taxable margin above the
  corresponding rate provided by Chapter 1 (H.B. 3), Acts of the 79th
  Legislature, 3rd Called Session, 2006, may take effect only if
  passed by a record vote of two-thirds of all the members elected to
  each house of the legislature on final consideration in each house.
         (b)  This section applies to an increase in a rate of the
  franchise tax as it applies to any taxable entity, including a
  taxable entity primarily engaged in retail or wholesale trade.
         (c)  This section does not apply to a bill that decreases a
  rate of the franchise tax. If a rate of the franchise tax is
  decreased, this section applies to any subsequent increase in that
  rate.
         (d)  This section does not apply to a bill that amends:
               (1)  the manner in which the franchise tax is computed,
  including the determination of margin and taxable margin and any
  allowable deductions or credits;
               (2)  the manner in which the franchise tax is
  administered or enforced; or
               (3)  the applicability of the franchise tax to certain
  entities.
         SECTION 2.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 5, 2013.
  The ballot shall be printed to provide for voting for or against the
  proposition: "The constitutional amendment requiring any increase
  in a rate of the franchise tax be approved by two-thirds of all the
  members elected to each house of the legislature."
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