Bill Caption

Relating to the classification of certain entities as primarily engaged in retail trade for purposes of the franchise tax.

Fiscal Notes

Estimated Two-year Net Impact to General Revenue Related Funds for HB1089, As Introduced: an impact of $0 through the biennium ending August 31, 2021. Additionally, the bill will have a direct impact of a revenue loss to the Property Tax Relief Fund of ($2,334,000) for the 2018-19 biennium. Any loss to the Property Tax Relief Fund must be made up with an equal amount of General Revenue to fund the Foundation School Program. 

Bill Analysis

HB 1089 would classify the rental of industrial uniforms, industrial garments, and industrial linen supplies as "retail trade" for the purposes of applicability of the franchise tax. HB 1089 would place this industry's franchise tax liability on par with that of other rental industries. 

Vote Recommendation Notes