Texas 2013 - 83rd Regular

Texas House Bill HB510 Compare Versions

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Old	New	Differences
1	1	83R23680 KLA-D
2	2	By: Murphy, Raney, Guillen, et al. H.B. No. 510
3	3	Substitute the following for H.B. No. 510:
4	4	By: Hilderbran C.S.H.B. No. 510
5	5
6	6
7	7	A BILL TO BE ENTITLED
8	8	AN ACT
9	9	relating to the computation of the franchise tax by taxable
10	10	entities that rent or lease certain equipment and other items.
11	11	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
12	12	SECTION 1. Section 171.0001(12), Tax Code, is amended to
13	13	read as follows:
14	14	(12) "Retail trade" means:
15	15	(A) the activities described in Division G of the
16	16	1987 Standard Industrial Classification Manual published by the
17	17	federal Office of Management and Budget; [and]
18	18	(B) apparel rental activities classified as
19	19	Industry 5999 or 7299 of the 1987 Standard Industrial
20	20	Classification Manual published by the federal Office of Management
21	21	and Budget;
22	22	(C) activities involving the rental or leasing of
23	23	tools, party and event supplies, and furniture that are classified
24	24	as Industry 7359 of the 1987 Standard Industrial Classification
25	25	Manual published by the federal Office of Management and Budget; or
26	26	(D) heavy construction equipment rental or
27	27	leasing activities classified as Industry 7353 of the 1987 Standard
28	28	Industrial Classification Manual published by the federal Office of
29	29	Management and Budget.
30	30	SECTION 2. This Act applies only to a report originally due
31	31	on or after the effective date of this Act.
32	32	SECTION 3. This Act takes effect January 1, 2014.