** REVISION **
HOUSE OF REPRESENTATIVES
NOTICE OF PUBLIC HEARING
COMMITTEE:
Ways & Means
TIME & DATE:
10:00 AM, Tuesday, May 25, 2010
PLACE:
JHR 140
CHAIR:
Rep. Rene Oliveira
 
I. Examine the state's major tax exemptions to deterimine how the current
costs and benefits compare with the original legislative objectives. Make
recommendations for adjustments as needed.
 
A. Certain Franchise Tax Exemptions and Credits
 
§171.052 Certain Corporations & §171.0525 Exemption - Certain Insurance
Companies
§171.055 Exemption - Open-End Investment Company
§171.056 Exemption - Corporation With Business Interest n Solar Energy
Devices
§171.074 Exemption - Development Corporation
§171.082 Exemption - Certain Homeowners' Associations
§171.002(d) Rates; Computation of Tax
§171.0021 Discounts from Tax Liability for Small Business
§171.006 Adjustment of Eligibility for No Tax Due, Discounts, and
Compensation Deduction
§171.107 Deduction of Cost of Solar Energy Device From Margin Apportioned
to This State
§171.108 Deduction of Cost of Clean Coal Project From Margin Apportioned
to This State
§171.1011(g-3)(3) Determination of Total Revenue from Entire Business
§171.1011(m) Determination of Total Revenue from Entire Business
§171.1013(b-1) Determination of Compensation
§171.106(b) Apportionment of Margin to This State
§171.111 Temporary Credit on Taxable Margin
§111.302 Issuance of Tax Refund for Economic Development, Reinvestment
Zone/Abatement Agreement
 
B. Equity and Administrative Issues: (including but not limited to)
Pass Through, Compensation, Cost of Goods Sold, and Definition of Retailer
 
 
II. Minerals excluded from the Severance Tax: (specifically)
 
Asphalt, Basalt, Bleaching clay, Bromine, Caliche, Cement, Clay, Coal,
Dolomite, Gemstones, Gypsum, Helium, Iron, Lignite, Lime, Magnesite,
Magnesium, Salt, Sand and gravel, Sands, Stone- crushed, Stone-dimension,
Sulfur, Talc, Uranium, and Zeolites