Texas § 171.1016 E-Z COMPUTATION AND RATE.

Texas Statutes

§ 171.1016 — E-Z COMPUTATION AND RATE.

Texas § 171.1016

Code TXTax Code

This text of Texas § 171.1016 (E-Z COMPUTATION AND RATE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Tax Code Code Ann. § 171.1016 (2026).

Text

Sec. 171.1016. E-Z COMPUTATION AND RATE.

(a)Notwithstanding any other provision of this chapter, a taxable entity whose total revenue from its entire business is not more than $20 million may elect to pay the tax imposed under this chapter in the amount computed and at the rate provided by this section rather than in the amount computed and at the tax rate provided by Section 171.002 .

(b)The amount of the tax for which a taxable entity that elects to pay the tax as provided by this section is liable is computed by:

(1)determining the taxable entity's total revenue from its entire business, as determined under Section 171.1011 ;

(2)apportioning the amount computed under Subdivision (1) to this state, as provided by Section 171.106 , to determine the taxable entity's apportioned total r

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Sec. 171.1016. E-Z COMPUTATION AND RATE. (a) Notwithstanding any other provision of this chapter, a taxable entity whose total revenue from its entire business is not more than $20 million may elect to pay the tax imposed under this chapter in the amount computed and at the rate provided by this section rather than in the amount computed and at the tax rate provided by Section 171.002 .
(b) The amount of the tax for which a taxable entity that elects to pay the tax as provided by this section is liable is computed by:
(1) determining the taxable entity's total revenue from its entire business, as determined under Section 171.1011 ;
(2) apportioning the amount computed under Subdivision (1) to this state, as provided by Section 171.106 , to determine the taxable entity's apportioned total revenue; and
(3) multiplying the amount computed under Subdivision (2) by the rate of 0.331 percent.
(c) A taxable entity that elects to pay the tax as provided by this section may not take a credit, deduction, or other adjustment that is not specifically authorized by this section.
(d) Repealed by Acts 2013, 83rd Leg., R.S., Ch. 1232, Sec. 15, eff. January 1, 2014.
(e) A reference in this chapter or other law to the rate of the franchise tax means, as appropriate, the rate under Section 171.002 or, for a taxable entity that elects to pay the tax as provided by this section, the rate under this section.
Transferred from Tax Code, Section 171.1016 by Acts 2011, 82nd Leg., R.S., Ch. 91 (S.B. 1303 ), Sec. 27.001(58), eff. September 1, 2011.

Legislative History

Added by Acts 2007, 80th Leg., R.S., Ch. 1282 (H.B. 3928 ), Sec. 19, eff. January 1, 2008. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 1232 (H.B. 500 ), Sec. 15, eff. January 1, 2014. Acts 2015, 84th Leg., R.S., Ch. 449 (H.B. 32 ), Sec. 3, eff. January 1, 2016.