Bill Text: TX HB2451 | 2013-2014 | 83rd Legislature | Comm Sub

Texas House Bill 2451 (Prior Session Legislation)

NOTE: There are more recent revisions of this legislation. Read Latest Draft

Bill Title: Relating to the exclusion by taxable entities engaged in providing services as an agricultural aircraft operation of certain costs in determining total revenue for purposes of the franchise tax.

Spectrum: Bipartisan Bill

Status: (Passed) 2013-06-14 - Effective on 1/1/14 [HB2451 Detail]

Download: Texas-2013-HB2451-Comm_Sub.html

	83R13664 TJB-F

	By: King of Zavala	H.B. No. 2451

	Substitute the following for H.B. No. 2451:

	By: Hilderbran	C.S.H.B. No. 2451



	A BILL TO BE ENTITLED
	AN ACT
	relating to the exclusion by taxable entities engaged in providing
	services as an agricultural aircraft operation of certain costs in
	determining total revenue for purposes of the franchise tax.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 171.1011, Tax Code, is amended by adding
	Subsection (w-1) to read as follows:
	(w-1) A taxable entity primarily engaged in the business of
	providing services as an agricultural aircraft operation, as
	defined by 14 C.F.R. Section 137.3, shall exclude from its total
	revenue the cost of labor, equipment, fuel, and materials used in
	providing those services.
	SECTION 2. This Act applies only to a report originally due
	on or after the effective date of this Act.
	SECTION 3. This Act takes effect January 1, 2014.