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A BILL TO BE ENTITLED
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AN ACT
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relating to the amount of a sales and use tax refund for tangible |
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personal property used to provide cable television service, |
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Internet access service, or telecommunications services. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 151.3186(d), Tax Code, is amended to |
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read as follows: |
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(d) The amount of the refund to which a provider or |
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subsidiary, as described by Subsection (b)(1), is entitled under |
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this section for a calendar year is equal to: |
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(1) the amount of the tax paid by the provider or |
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subsidiary during the calendar year on property eligible for a |
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refund under this section, if the total amount of tax paid by all |
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providers and subsidiaries described by Subsection (b)(1) that are |
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eligible for a refund under this section is not more than $150 [$50] |
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million for the calendar year; or |
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(2) a pro rata share of $150 [$50] million, if the |
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total amount of tax paid by all providers and subsidiaries |
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described by Subsection (b)(1) that are eligible for a refund under |
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this section is more than $150 [$50] million for the calendar year. |
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SECTION 2. This Act takes effect September 1, 2015. |