Texas 2009 - 81st Regular

Texas House Bill HB832 Compare Versions

Only one version of the bill is available at this time.
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11 81R4223 BEF-D
22 By: Hughes H.B. No. 832
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55 A BILL TO BE ENTITLED
66 AN ACT
77 relating to the computation of taxable margin for purposes of the
88 franchise tax by certain taxable entities.
99 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1010 SECTION 1. Section 171.1013, Tax Code, is amended by adding
1111 Subsection (i) to read as follows:
1212 (i) Subject to Section 171.1014 and the limitation in
1313 Subsection (c), a taxable entity that elects to subtract
1414 compensation for the purpose of computing its taxable margin under
1515 Section 171.101 may include as wages and cash compensation any
1616 compensation paid to an independent contractor as reported on
1717 Internal Revenue Service Form 1099, or any subsequent form with a
1818 different number or designation that substantially provides the
1919 same information.
2020 SECTION 2. This Act applies only to a report originally due
2121 on or after the effective date of this Act.
2222 SECTION 3. This Act takes effect January 1, 2010.