82R8399 ALL-D
By: Torres H.B. No. 2171
A BILL TO BE ENTITLED
AN ACT
relating to a franchise tax credit for the employment of persons
with a disability or veterans of the United States armed forces.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 171, Tax Code, is amended by adding
Subchapter L to read as follows:
SUBCHAPTER L. TAX CREDIT FOR EMPLOYMENT OF PERSONS WITH A
DISABILITY AND VETERANS
Sec. 171.651. DEFINITION. In this chapter, "disability"
means a physical or mental impairment that substantially limits one
or more major life activities.
Sec. 171.652. ENTITLEMENT TO CREDIT. A taxable entity is
entitled to a credit in the amount and under the conditions and
limitations provided by this subchapter against the tax imposed
under this chapter.
Sec. 171.653. QUALIFICATION. A taxable entity qualifies
for a credit under this subchapter for each employee who:
(1) is originally hired for a position located or
based in this state;
(2) at the time of being hired, has a disability or is
a veteran of the armed forces of the United States;
(3) remains continuously employed with the entity in a
position located or based in this state for a period of at least six
months;
(4) works an average of at least 40 hours a week; and
(5) receives the same benefits as the employer's other
workers.
Sec. 171.654. AMOUNT; LIMITATIONS. (a) The amount of the
credit under this subchapter is $500 for each employee described by
Section 171.653. A taxable entity may claim the credit only one
time for each employee and may not claim the credit for the same
employee in more than one report.
(b) The total credit claimed for a report may not exceed the
amount of franchise tax due for the report before any other
applicable tax credits.
Sec. 171.655. APPLICATION FOR CREDIT. A taxable entity
must apply for a credit under this subchapter on or with the report
for the period for which the credit is claimed.
Sec. 171.656. RULES. The comptroller shall adopt rules
necessary to implement this subchapter.
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, 2012.