| 2 | | - | (In the Senate - Filed March 6, 2015; March 10, 2015, read |
|---|
| 3 | | - | first time and referred to Committee on Finance; May 15, 2015, |
|---|
| 4 | | - | reported adversely, with favorable Committee Substitute by the |
|---|
| 5 | | - | following vote: Yeas 13, Nays 1; May 15, 2015, sent to printer.) |
|---|
| 6 | | - | Click here to see the committee vote |
|---|
| 7 | | - | COMMITTEE SUBSTITUTE FOR S.B. No. 1009 By: West |
|---|
| 2 | + | (Parker) |
|---|
| 8 | 3 | | |
|---|
| 9 | 4 | | |
|---|
| 10 | 5 | | A BILL TO BE ENTITLED |
|---|
| 11 | 6 | | AN ACT |
|---|
| 12 | 7 | | relating to the amount of a sales and use tax refund for tangible |
|---|
| 13 | 8 | | personal property used to provide cable television service, |
|---|
| 14 | 9 | | Internet access service, or telecommunications services. |
|---|
| 15 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|---|
| 16 | 11 | | SECTION 1. Section 151.3186(d), Tax Code, is amended to |
|---|
| 17 | 12 | | read as follows: |
|---|
| 18 | 13 | | (d) The amount of the refund to which a provider or |
|---|
| 19 | 14 | | subsidiary, as described by Subsection (b)(1), is entitled under |
|---|
| 20 | 15 | | this section for a calendar year is equal to: |
|---|
| 21 | 16 | | (1) the amount of the tax paid by the provider or |
|---|
| 22 | 17 | | subsidiary during the calendar year on property eligible for a |
|---|
| 23 | 18 | | refund under this section, if the total amount of tax paid by all |
|---|
| 24 | 19 | | providers and subsidiaries described by Subsection (b)(1) that are |
|---|
| 25 | 20 | | eligible for a refund under this section is not more than $75 [$50] |
|---|
| 26 | 21 | | million for the calendar year; or |
|---|
| 27 | 22 | | (2) a pro rata share of $75 [$50] million, if the total |
|---|
| 28 | 23 | | amount of tax paid by all providers and subsidiaries described by |
|---|
| 29 | 24 | | Subsection (b)(1) that are eligible for a refund under this section |
|---|
| 30 | 25 | | is more than $75 [$50] million for the calendar year. |
|---|
| 31 | 26 | | SECTION 2. This Act takes effect September 1, 2015. |
|---|