| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 83R22244 ADM-F | |
| 2 | 2 | By: Button, Bohac, Kuempel, H.B. No. 1579 | |
| 3 | 3 | N. Gonzalez of El Paso | |
| 4 | 4 | Substitute the following for H.B. No. 1579: | |
| 5 | 5 | By: Hilderbran C.S.H.B. No. 1579 | |
| 6 | 6 | ||
| 7 | 7 | ||
| 8 | 8 | A BILL TO BE ENTITLED | |
| 9 | 9 | AN ACT | |
| 10 | 10 | relating to the inclusion of a portion of the costs of accepting | |
| 11 | 11 | credit and debit cards in the cost of goods sold for purposes of | |
| 12 | 12 | computing the franchise tax. | |
| 13 | 13 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 14 | 14 | SECTION 1. Section 171.1012, Tax Code, is amended by adding | |
| 15 | 15 | Subsection (p) to read as follows: | |
| 16 | 16 | (p) Notwithstanding Subsection (e)(2) or any other | |
| 17 | 17 | provision of this section, the cost of goods sold includes 20 | |
| 18 | 18 | percent of the costs attributable to the acceptance of credit cards | |
| 19 | 19 | and debit cards as a means of payment. | |
| 20 | 20 | SECTION 2. This Act applies only to a report originally due | |
| 21 | 21 | on or after the effective date of this Act. | |
| 22 | 22 | SECTION 3. This Act takes effect January 1, 2014. |