Bill > HB202

Introduced Session

AN ACT RELATING TO TAXATION; SUSPENDING A DISTRIBUTION TO THE LEGISLATIVE RETIREMENT FUND FOR TWO YEARS, THEN SENDING THE DISTRIBUTION TO THE MAGISTRATE RETIREMENT FUND AND THE JUDICIAL RETIREMENT FUND FOR THREE YEARS, THEN RESUMING THE DISTRIBUTION TO THE LEGISLATIVE RETIREMENT FUND; DELAYING REDUCTION OF THE CORPORATE INCOME TAX RATES; DELAYING SINGLE SALES APPORTIONMENT OF INCOME FOR MANUFACTURERS; CLARIFYING THAT THE SOURCE OF THE DISTRIBUTION IS THE NET RECEIPTS ATTRIBUTABLE TO THE AMOUNT OF TAX DEDUCTED PURSUANT TO THE OIL AND GAS PROCEEDS AND PASS-THROUGH ENTITY WITHHOLDING TAX ACT; PROVIDING THAT THE PLACE OF BUSINESS OF A PERSON WITHOUT PHYSICAL PRESENCE IN THIS STATE IS WHERE THE PROPERTY OR SERVICE BEING SOLD IS DELIVERED; ALLOWING A REFUND OF GROSS RECEIPTS TAX DUE A PERSON TO BE APPLIED AGAINST COMPENSATING TAX OWED BY THE PERSON'S CUSTOMER AS A RESULT OF TRANSACTIONS WITH THAT PERSON; CLARIFYING THAT A PERSON WITHOUT PHYSICAL PRESENCE IN THE STATE THAT HAS LESS THAN ONE HUNDRED THOUSAND DOLLARS ($100,000) IN GROSS RECEIPTS IS NOT ENGAGING IN BUSINESS PURSUANT TO THE GROSS RECEIPTS AND COMPENSATING TAX ACT; BARRING THE TAXATION AND REVENUE DEPARTMENT FROM ENFORCING COLLECTION OF THE GROSS RECEIPTS TAX IN CERTAIN CIRCUMSTANCES; IMPOSING THE STATE GROSS RECEIPTS TAX ON THE NET PATIENT CARE REVENUE OF A NONPROFIT HOSPITAL; IMPOSING THE GOVERNMENTAL GROSS RECEIPTS TAX ON THE NET PATIENT CARE HTRC/HB 202 Page 1 REVENUE OF A GOVERNMENT HOSPITAL; DISTRIBUTING A PORTION OF THE GROSS RECEIPTS TAX TO THE COUNTY-SUPPORTED MEDICAID FUND; DISTRIBUTING THE NET GOVERNMENTAL GROSS RECEIPTS ATTRIBUTABLE TO NET PATIENT CARE REVENUE TO THE GENERAL FUND; ADJUSTING CERTAIN DEDUCTIONS AND EXEMPTIONS FROM GROSS RECEIPTS AND GOVERNMENTAL GROSS RECEIPTS FOR HOSPITALS; INCREASING THE GASOLINE TAX, SPECIAL FUEL EXCISE TAX AND MOTOR VEHICLE EXCISE TAX; DISTRIBUTING THE REVENUE FROM THE INCREASES TO THE GASOLINE AND MOTOR VEHICLE EXCISE TAXES AND A PORTION OF THE INCREASE OF THE SPECIAL FUEL EXCISE TAX TO THE TAX STABILIZATION RESERVE UNTIL STATE RESERVE FUNDS REACH FIVE PERCENT, TO MUNICIPALITIES AND COUNTIES FOR MAINTENANCE AND REPAIR OF EXISTING TRANSPORTATION INFRASTRUCTURE AND TO THE STATE ROAD MAINTENANCE FUND; CREATING THE STATE ROAD MAINTENANCE FUND; SETTING THE PETROLEUM PRODUCTS LOADING FEE AT ONE HUNDRED FIFTY DOLLARS ($150) AND DISTRIBUTING A PORTION OF THE FEE TO THE TAX STABILIZATION RESERVE UNTIL STATE RESERVE FUNDS REACH FIVE PERCENT; CREATING THE WEIGHT DISTANCE TAX IDENTIFICATION PERMIT TAX; REQUIRING THE TAXATION AND REVENUE DEPARTMENT TO EVALUATE AND REPORT TO THE LEGISLATURE ON HEALTH-CARE-INDUSTRY-RELATED REVENUE COLLECTIONS AND TAX EXPENDITURES; REPEALING THE CREDIT AGAINST THE GROSS RECEIPTS TAX FOR CERTAIN HOSPITALS AND A DISTRIBUTION RELATED TO THAT CREDIT; MAKING AN APPROPRIATION.

AI Summary

Committee Categories

Eliseo Alcon (D)*,  Brian Egolf (D)*,  Carl Trujillo (D)*,  Daymon Ely (D),  Doreen Gallegos (D),  Bobby Gonzales (D),  Andrés Romero (D),  Patricio Ruiloba (D),  Nathan Small (D),  Jim Trujillo (D),  James White (R), 

[LD 13] h and then to cncrd Vetoed by the Governor and date. (on 01/29/2017)

Official Document