TX HB4425 | 2019-2020 | 86th Legislature
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 8 2019 - 25% progression, died in committee
Action: 2019-03-26 - Referred to Ways & Means
Pending: House Ways & Means Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on March 8 2019 - 25% progression, died in committee
Action: 2019-03-26 - Referred to Ways & Means
Pending: House Ways & Means Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Relating to the exemption for depreciable tangible personal property used in qualified research from the sales and use tax and the tax credit for certain research and development credit activities for franchise tax purposes.
Title
Relating to the exemption for depreciable tangible personal property used in qualified research from the sales and use tax and the tax credit for certain research and development credit activities for franchise tax purposes.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2019-03-26 | House | Referred to Ways & Means |
| 2019-03-26 | House | Read first time |
| 2019-03-08 | House | Filed |
Subjects
Property Interests
Property Interests--Personal Property
RESEARCH & DEVELOPMENT
Taxation
Taxation--Franchise
Taxation--Property-Exemptions
Taxation--Sales
Property Interests--Personal Property
RESEARCH & DEVELOPMENT
Taxation
Taxation--Franchise
Taxation--Property-Exemptions
Taxation--Sales
Texas State Sources
| Type | Source |
|---|---|
| Summary | https://capitol.texas.gov/BillLookup/History.aspx?LegSess=86R&Bill=HB4425 |
| Text | https://capitol.texas.gov/tlodocs/86R/billtext/html/HB04425I.htm |
