89th Legislature, Regular Session
SB 1231
Relating to a franchise tax credit for taxable entities that purchase certain theft deterrent and property loss prevention equipment.
Introduced
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- Passed Senate
- Passed House
- To Governor
- Became Law
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89R4902 JBD-D By: Creighton S.B. No. 1231 A BILL TO BE ENTITLED AN ACT relating to a franchise tax credit for taxable entities that purchase certain theft deterrent and property loss prevention equipment. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Chapter 171, Tax Code, is amended by adding Subchapter N to read as follows: SUBCHAPTER N. TAX CREDIT FOR PURCHASE OF THEFT DETERRENT AND PROPERTY LOSS PREVENTION EQUIPMENT Sec. 171.701. ENTITLEMENT TO CREDIT. A taxable entity is