SB1824 — Relating to the exclusion from total revenue of certain payments made by a performing rights society for purposes of computing the franchise tax.

SB1824 — Relating to the exclusion from total revenue of certain payments made by a performing rights society for purposes of computing the franchise tax. · Informed CitizenrySB 1824 amends the Tax Code to provide a franchise tax exemption for certain performing rights societies. Specifically, it allows a taxable entity that is a performing rights society licensing the…Open in Informed Citizenry