84R11513 BEF-F
By: Anchia H.B. No. 2139
A BILL TO BE ENTITLED
AN ACT
relating to the cost of goods sold for purposes of the franchise tax
for certain zoos and aquariums.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 171.1012, Tax Code, is amended by adding
Subsection (u) to read as follows:
(u) If a taxable entity accredited by the Association of
Zoos and Aquariums elects to subtract cost of goods sold, the cost
of goods sold for the taxable entity shall be the costs described by
this section in relation to the acquisition, husbandry, production,
exhibition, or conservation of animals.
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, 2016.