Bill

HB 3992

85(R) - 2017
House Agriculture & Livestock
Senate Finance
Read Bill & Check Bill Status
House Agriculture & Livestock
Senate Finance
Agriculture
Taxation

Vote Recommendation

Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral

Author(s)

Jim Murphy

Sponsor(s)

Charles Perry

Bill Caption

Relating to a franchise tax exemption for certain cooperatives with a member that has farmer-fruit grower members.

Fiscal Notes

No significant fiscal implication to the State is anticipated.

Bill Analysis

Under current law, a farmers' cooperative society incorporated under the Agricultural Code is exempted from the franchise tax. HB 3992 would clarify that this provision includes a cooperative whose single member is a farmers’ cooperative described in certain provisions of federal code that has at least 500 farmer-fruit grower members.

Vote Recommendation Notes

While we are otherwise opposed to these franchise tax exemptions due to the market distortions they create, given the procedural nature of this bill in clarifying the application of existing law, we remain neutral on HB 3992.

Organizations Supporting

Texas Nursery & Landscape Association