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TX HB1769
Bill
Status
1/8/2025
Primary Sponsor
Drew Darby
Click for details
AI Summary
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Expands the definition of "retail trade" under the Texas franchise tax to include activities involving the rental of industrial uniforms, industrial garments, and industrial linen supplies
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Specifically adds businesses classified under Industry 7213 (linen supply) and Industry 7218 (industrial launderers) of the 1987 Standard Industrial Classification Manual to qualify as retail trade entities
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Classification as retail trade allows affected businesses to use a reduced franchise tax rate of 0.375% instead of the standard 0.75% rate
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Applies only to franchise tax reports originally due on or after the effective date
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Takes effect January 1, 2027
Legislative Description
Relating to the classification of certain entities as primarily engaged in retail trade for purposes of the franchise tax.
Taxation
Last Action
Laid on the table subject to call
5/9/2025