TX
Texas Senate Bill SB1824

Texas 2019 - 86th Regular

Texas Senate Bill SB1824 Compare Versions

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1-S.B. No. 1824
1+By: Perry S.B. No. 1824
2+ (Murphy)
23
34
5+ A BILL TO BE ENTITLED
46 AN ACT
57 relating to the exclusion from total revenue of certain payments
68 made by a performing rights society for purposes of computing the
79 franchise tax.
810 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
911 SECTION 1. Section 171.1011, Tax Code, is amended by adding
1012 Subsection (g-12) to read as follows:
1113 (g-12) A taxable entity that is a performing rights society
1214 that licenses the public performance of nondramatic musical works
1315 on behalf of a copyright owner shall exclude from its total revenue,
1416 to the extent included under Subsection (c)(1)(A), (c)(2)(A), or
1517 (c)(3), payments made to the public performance rights holder and
1618 the copyright owner for whom the taxable entity licenses the public
1719 performance.
1820 SECTION 2. This Act takes effect immediately if it receives
1921 a vote of two-thirds of all the members elected to each house, as
2022 provided by Section 39, Article III, Texas Constitution. If this
2123 Act does not receive the vote necessary for immediate effect, this
2224 Act takes effect September 1, 2019.
23- ______________________________ ______________________________
24- President of the Senate Speaker of the House
25- I hereby certify that S.B. No. 1824 passed the Senate on
26- April 26, 2019, by the following vote: Yeas 30, Nays 0.
27- ______________________________
28- Secretary of the Senate
29- I hereby certify that S.B. No. 1824 passed the House on
30- May 17, 2019, by the following vote: Yeas 134, Nays 13, two
31- present not voting.
32- ______________________________
33- Chief Clerk of the House
34- Approved:
35- ______________________________
36- Date
37- ______________________________
38- Governor