| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 83R2330 ADM-F | |
| 2 | 2 | By: Otto, Cook, et al. H.B. No. 317 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to the classification of certain entities as primarily | |
| 8 | 8 | engaged in retail trade for purposes of the franchise tax. | |
| 9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. Section 171.0001(12), Tax Code, is amended to | |
| 11 | 11 | read as follows: | |
| 12 | 12 | (12) "Retail trade" means: | |
| 13 | 13 | (A) the activities described in Division G of the | |
| 14 | 14 | 1987 Standard Industrial Classification Manual published by the | |
| 15 | 15 | federal Office of Management and Budget; [and] | |
| 16 | 16 | (B) apparel rental activities classified as | |
| 17 | 17 | Industry 5999 or 7299 of the 1987 Standard Industrial | |
| 18 | 18 | Classification Manual published by the federal Office of Management | |
| 19 | 19 | and Budget; and | |
| 20 | 20 | (C) rental-purchase agreement activities | |
| 21 | 21 | regulated by Chapter 92, Business & Commerce Code. | |
| 22 | 22 | SECTION 2. This Act applies only to a report originally due | |
| 23 | 23 | on or after the effective date of this Act. | |
| 24 | 24 | SECTION 3. This Act takes effect January 1, 2014. |