| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 85R13003 GRM-F | |
| 2 | 2 | By: Anderson of Dallas H.B. No. 2961 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to the exclusion of certain payments from total revenue | |
| 8 | 8 | for purposes of the franchise tax. | |
| 9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. Section 171.1011, Tax Code, is amended by adding | |
| 11 | 11 | Subsection (y) to read as follows: | |
| 12 | 12 | (y) A taxable entity that is primarily engaged in the | |
| 13 | 13 | business of information technology staffing shall exclude from its | |
| 14 | 14 | total revenue, to the extent included under Subsection (c)(1)(A), | |
| 15 | 15 | (c)(2)(A), or (c)(3), subcontracting payments made under a contract | |
| 16 | 16 | or subcontract entered into by the taxable entity to provide | |
| 17 | 17 | services, labor, or materials in connection with the actual or | |
| 18 | 18 | proposed design of software or the provision of information | |
| 19 | 19 | technology services. | |
| 20 | 20 | SECTION 2. Section 171.1011(y), Tax Code, as added by this | |
| 21 | 21 | Act, applies only to a report originally due on or after the | |
| 22 | 22 | effective date of this Act. | |
| 23 | 23 | SECTION 3. This Act takes effect January 1, 2018. |