By: Eltife S.B. No. 1009
(In the Senate - Filed March 6, 2015; March 10, 2015, read
first time and referred to Committee on Finance; May 15, 2015,
reported adversely, with favorable Committee Substitute by the
following vote: Yeas 13, Nays 1; May 15, 2015, sent to printer.)
Click here to see the committee vote
COMMITTEE SUBSTITUTE FOR S.B. No. 1009 By: West
A BILL TO BE ENTITLED
AN ACT
relating to the amount of a sales and use tax refund for tangible
personal property used to provide cable television service,
Internet access service, or telecommunications services.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 151.3186(d), Tax Code, is amended to
read as follows:
(d) The amount of the refund to which a provider or
subsidiary, as described by Subsection (b)(1), is entitled under
this section for a calendar year is equal to:
(1) the amount of the tax paid by the provider or
subsidiary during the calendar year on property eligible for a
refund under this section, if the total amount of tax paid by all
providers and subsidiaries described by Subsection (b)(1) that are
eligible for a refund under this section is not more than $75 [$50]
million for the calendar year; or
(2) a pro rata share of $75 [$50] million, if the total
amount of tax paid by all providers and subsidiaries described by
Subsection (b)(1) that are eligible for a refund under this section
is more than $75 [$50] million for the calendar year.
SECTION 2. This Act takes effect September 1, 2015.
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