HB2611 — Relating to the treatment of certain limited liability companies as passive entities for purposes of the franchise tax.

HB2611 — Relating to the treatment of certain limited liability companies as passive entities for purposes of the franchise tax. · Informed CitizenryHB 2611 amends the Tax Code to define the criteria for an entity to be classified as a passive entity for franchise tax purposes. Under the bill, an entity is considered a passive entity if it is a…Open in Informed Citizenry