80th Texas Legislature, Regular Session, House Bill 3928, Chapter 1282 Page: 1 of 50
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Chapter 1282
H.B. No. 3928
1 AN ACT
2 relating to technical changes to the revised franchise tax.
3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
4 SECTION 1. Section 171.0001, Tax Code, as effective January
5 1, 2008, is amended by amending Subdivisions (6), (8), (9), (10),
6 (15), and (17) and adding Subdivisions (11-a) and (13-a) to read as
7 follows:
8 (6) "Client company" means:
9 (A) a person that contracts with a license holder
10 under Chapter 91 [hac the maing ~ r.ign. y Sction eel 1.00 1],
11 Labor Code, and is assigned employees by the license holder under
12 that contract; or
13 (B) a client of a temporary employment service,
14 as that term is defined by Section 93.001(2), Labor Code, to whom
15 individuals are assigned for a purpose described by that
16 subdivision.
17 (8) "Controlling interest" means:
18 (A) for a corporation, either more than 50 [49]
19 percent [or more], owned directly or indirectly, of the total
20 combined voting power of all classes of stock of the corporation, or
21 more than 50 [84] percent [eri-e.], owned directly or indirectly,
22 of the beneficial ownership interest in the voting stock of the
23 corporation; [Ed]
24 (B) for a partnership, association, trust, or
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Texas. Legislature. House of Representatives. 80th Texas Legislature, Regular Session, House Bill 3928, Chapter 1282, legislative document, June 15, 2007; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth155322/m1/1/: accessed April 19, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.