HB4198 — Relating to the exclusion from total revenue of certain payments made by a performing rights society for purposes of computing the franchise tax.

HB4198 — Relating to the exclusion from total revenue of certain payments made by a performing rights society for purposes of computing the franchise tax. · Informed CitizenryHB 4198 amends the Tax Code to provide a franchise tax exclusion for certain taxable entities. Specifically, it allows performing rights societies that license the public performance of nondramatic…Open in Informed Citizenry