This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print this page

Multistate Tax Alert: Texas Tax Legislation Amends Franchise Tax, Adds New Credits and Sales/Use Tax Exemption


On June 14, 2013, Texas Governor Rick Perry signed House Bill 500 (“HB500”) and House Bill 800 (“HB800”) into law. This tax alert summarizes the franchise tax changes enacted through HB500 and provides a brief overview of the new tax credit and sales/use tax exemption created by the enactment of HB800. These bills contain several new provisions that impact a variety of industries and taxpayers as well as changes with potential application to a wider range of taxpayers, such as:

  • Temporary tax rate reductions for Report Year 2014 and potentially 2015;
  • New tax credit for certified rehabilitation of certified historic structures;
  • New tax credit and sales/use tax exemption for research and development activities;
  • Changes to determination of total revenue and cost of goods sold; and
  • Deduction of relocation costs for entities moving to Texas after September 1, 2013.

Please download to save this alert. To receive these alerts and stay connected, please sign up for our weekly newsletter State Tax Matters.


Share this page

Email this Send to LinkedIn Send to Facebook Tweet this More sharing options

Stay connected