83R22244 ADM-F
By: Button, Bohac, Kuempel, H.B. No. 1579
N. Gonzalez of El Paso
Substitute the following for H.B. No. 1579:
By: Hilderbran C.S.H.B. No. 1579
A BILL TO BE ENTITLED
AN ACT
relating to the inclusion of a portion of the costs of accepting
credit and debit cards in the cost of goods sold for purposes of
computing the franchise tax.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 171.1012, Tax Code, is amended by adding
Subsection (p) to read as follows:
(p) Notwithstanding Subsection (e)(2) or any other
provision of this section, the cost of goods sold includes 20
percent of the costs attributable to the acceptance of credit cards
and debit cards as a means of payment.
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, 2014.