| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | By: Thompson of Brazoria H.B. No. 3422 | |
| 2 | 2 | ||
| 3 | 3 | ||
| 4 | 4 | A BILL TO BE ENTITLED | |
| 5 | 5 | AN ACT | |
| 6 | 6 | relating to the computation of cost of goods for purposes of the | |
| 7 | 7 | franchise tax by certain taxable entities. | |
| 8 | 8 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 9 | 9 | SECTION 1. Section 171.1011, Tax Code, is amended by adding | |
| 10 | 10 | subsection (g-12) to read as follows: | |
| 11 | 11 | (g-12) A taxable entity that is primarily engaged in the | |
| 12 | 12 | resell of tickets to entertainment events shall exclude from its | |
| 13 | 13 | total revenue, to the extent included under Subsection (c)(1)(A), | |
| 14 | 14 | (c)(2)(A), or (c)(3), payments made to other persons for the | |
| 15 | 15 | original purchase of a ticket being resold. | |
| 16 | 16 | SECTION 2. This Act takes effect September 1, 2015. |