83R11111 KLA-F
By: Murphy H.B. No. 1981
A BILL TO BE ENTITLED
AN ACT
relating to the exclusion of certain amounts from the total revenue
of a taxable entity that is a motor carrier for purposes of the
franchise tax.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 171.1011, Tax Code, is amended by adding
Subsection (x) to read as follows:
(x) A taxable entity that is registered as a motor carrier
under Chapter 643, Transportation Code, shall exclude from its
total revenue, to the extent included under Subsection (c)(1)(A),
(c)(2)(A), or (c)(3), flow-through revenue derived from taxes and
fees.
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.