Chapter 171 Of The Texas Tax Code. Acts 1981, 67th leg., p. Section 171.0003, definition of passive entity.
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Web statutes title 2, state taxation; Section 171.0003, definition of passive entity. Acts 2006, 79th leg., 3rd c.s., ch. Web amended by acts 1993, 73rd leg., ch. (1) 0.25 percent per year of privilege period of net taxable capital; A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. Acts 1981, 67th leg., p. Welcome to findlaw's cases & codes, a free source of state and federal court opinions, state laws, and the united states code. 2022 | check for updates | other versions. Paying off a loan by regular installments.
Web statutes title 2, state taxation; Web amended by acts 1993, 73rd leg., ch. Tx tax code § 171.0005 (2021) text of section effective until january 01, 2026. (2) during the period on which margin is based, the entity’s federal gross income consists of. And (2) 4.5 percent of net taxable earned surplus. (a) an entity is a passive entity only if: Paying off a loan by regular installments. A taxable entity on which a tax is imposed by this chapter shall pay the tax to the comptroller. Web texas administrative code (tac) is a compilation of all state agency rules in texas. Definition of conducting active trade or business. (1) the entity is a general or limited partnership or a trust, other than a business trust;