| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 81R14172 BEF-F | |
| 2 | 2 | By: Madden H.B. No. 3909 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to the computation of the franchise tax. | |
| 8 | 8 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 9 | 9 | SECTION 1. Section 171.002, Tax Code, is amended by adding | |
| 10 | 10 | Subsection (c-2) to read as follows: | |
| 11 | 11 | (c-2) Subsection (c)(2) does not apply to total revenue from | |
| 12 | 12 | activities in a trade that rents or leases tangible personal | |
| 13 | 13 | property as described by Industry Group 735 of the Standard | |
| 14 | 14 | Industrial Classification Manual published by the United States | |
| 15 | 15 | Department of Labor. | |
| 16 | 16 | SECTION 2. This Act applies only to a report originally due | |
| 17 | 17 | on or after the effective date of this Act. | |
| 18 | 18 | SECTION 3. This Act takes effect January 1, 2010. |