| 1 | | - | H.B. No. 4002 |
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| 1 | + | By: Bonnen of Brazoria (Senate Sponsor - Nelson) H.B. No. 4002 |
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| 2 | + | (In the Senate - Received from the House May 5, 2017; |
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| 3 | + | May 8, 2017, read first time and referred to Committee on Finance; |
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| 4 | + | May 11, 2017, reported favorably by the following vote: Yeas 10, |
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| 5 | + | Nays 0; May 11, 2017, sent to printer.) |
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| 6 | + | Click here to see the committee vote |
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| 4 | 10 | | AN ACT |
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| 5 | 11 | | relating to the definition of production used in determining the |
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| 6 | 12 | | cost of goods sold for franchise tax purposes. |
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| 7 | 13 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 8 | 14 | | SECTION 1. Section 171.1012(a)(2), Tax Code, is amended to |
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| 9 | 15 | | read as follows: |
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| 10 | 16 | | (2) "Production" means [includes] construction, |
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| 11 | 17 | | [installation,] manufacture, development, mining, extraction, |
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| 12 | 18 | | improvement, creation, raising, or growth. |
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| 13 | 19 | | SECTION 2. The amendment made by this Act to Section |
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| 14 | 20 | | 171.1012, Tax Code, is a clarification of existing law and does not |
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| 15 | 21 | | imply that Section 171.1012, Tax Code, before the amendment made by |
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| 16 | 22 | | this Act may be construed as inconsistent with Section 171.1012, |
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| 17 | 23 | | Tax Code, as amended by this Act. |
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| 18 | 24 | | SECTION 3. This Act takes effect September 1, 2017. |
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| 19 | | - | ______________________________ ______________________________ |
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| 20 | | - | President of the Senate Speaker of the House |
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| 21 | | - | I certify that H.B. No. 4002 was passed by the House on May 4, |
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| 22 | | - | 2017, by the following vote: Yeas 143, Nays 0, 2 present, not |
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| 23 | | - | voting. |
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| 24 | | - | ______________________________ |
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| 25 | | - | Chief Clerk of the House |
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| 26 | | - | I certify that H.B. No. 4002 was passed by the Senate on May |
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| 27 | | - | 19, 2017, by the following vote: Yeas 31, Nays 0. |
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| 28 | | - | ______________________________ |
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| 29 | | - | Secretary of the Senate |
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| 30 | | - | APPROVED: _____________________ |
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| 31 | | - | Date |
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| 32 | | - | _____________________ |
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| 33 | | - | Governor |
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| 25 | + | * * * * * |
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