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A BILL TO BE ENTITLED
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AN ACT
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relating to a franchise tax credit for taxable entities that pay |
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employees during jury selection or jury service. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Chapter 171, Tax Code, is amended by adding |
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Subchapter K to read as follows: |
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SUBCHAPTER K. TAX CREDIT FOR PAYING EMPLOYEE ABSENT FOR JURY |
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SELECTION OR JURY SERVICE |
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Sec. 171.521. ENTITLEMENT TO CREDIT. A taxable entity is |
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entitled to a credit in the amount and under the conditions and |
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limitations provided by this subchapter against the tax imposed |
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under this chapter. |
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Sec. 171.522. QUALIFICATION. A taxable entity qualifies |
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for a credit under this subchapter if the taxable entity pays at |
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least one employee the employee's regular salary or regular daily |
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wage for: |
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(1) each day or fraction of each day the employee is |
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absent from work to attend jury selection or jury service if the |
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employee is absent five days or less; or |
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(2) at least five days if the employee is absent from |
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work more than five days to attend jury selection or jury service. |
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Sec. 171.523. AMOUNT; LIMITATIONS. (a) The amount of the |
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credit is equal to 15 percent of the amount of franchise tax due, |
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after any other applicable tax credits, for the privilege period. |
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(b) A taxable entity may claim a credit under this |
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subchapter against the tax owed for a privilege period only if the |
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first day of an employee's period of absence qualifying under |
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Section 171.522 is during the privilege period. A taxable entity |
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may not claim a credit under this subchapter against the tax owed |
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for more than one privilege period for any period of absence |
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described by Section 171.522. |
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(c) A taxable entity may not convey, assign, or transfer a |
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credit under this subchapter to another entity unless all of the |
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assets of the taxable entity are conveyed, assigned, or transferred |
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in the same transaction. |
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Sec. 171.524. APPLICATION FOR CREDIT. A taxable entity |
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must apply for a credit under this subchapter on or with the tax |
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report for the period for which the credit is claimed. |
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Sec. 171.525. RULES. The comptroller shall adopt rules |
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necessary to implement this subchapter. |
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SECTION 2. This Act applies only to a report originally due |
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on or after the effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2014. |