HB2040 — Relating to the exclusion from total revenue for purposes of the franchise tax of payments received from certain insurance organizations.

HB2040 — Relating to the exclusion from total revenue for purposes of the franchise tax of payments received from certain insurance organizations. · Informed CitizenryThis bill amends the Tax Code to allow a taxable entity to exclude certain payments from its total revenue for franchise tax purposes. Specifically, a taxable entity may exclude payments received f…Open in Informed Citizenry