Bill Text: TX HB2776 | 2011-2012 | 82nd Legislature | Introduced
Bill Title: Relating to the retention of the $1 million total revenue exemption for the franchise tax.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2011-03-16 - Referred to Ways & Means [HB2776 Detail]
Download: Texas-2011-HB2776-Introduced.html
82R404 JE-D | ||
By: Bohac | H.B. No. 2776 |
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relating to the retention of the $1 million total revenue exemption | ||
for the franchise tax. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 1(c), Chapter 286 (H.B. 4765), Acts of | ||
the 81st Legislature, Regular Session, 2009, is repealed. | ||
SECTION 2. Section 2, Chapter 286 (H.B. 4765), Acts of the | ||
81st Legislature, Regular Session, 2009, which amended former | ||
Subsection (d), Section 171.002, Tax Code, is repealed. | ||
SECTION 3. Section 3, Chapter 286 (H.B. 4765), Acts of the | ||
81st Legislature, Regular Session, 2009, which amended former | ||
Subsection (a), Section 171.0021, Tax Code, is repealed. | ||
SECTION 4. Section 171.0021, Tax Code, is repealed. | ||
SECTION 5. Section 171.1016(d), Tax Code, is repealed. | ||
SECTION 6. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2011. |