Texas HB1769 amends the definition of "retail trade" for franchise tax purposes to include specific rental activities.

Texas HB1769 amends the Tax Code to redefine "retail trade" for franchise tax purposes. It includes activities such as apparel rental, rental-purchase agreements, and the rental or leasing of industrial uniforms, garments, linen supplies, tools, party and event supplies, furniture, and heavy construction equipment. This change applies to reports due on or after the effective date, which is January 1, 2027.

Texas HB1769 amends the definition of "retail trade" for franchise tax purposes to include specific rental activities.

Texas HB1769 amends the Tax Code to redefine "retail trade" for franchise tax purposes. It includes activities such as apparel rental, rental-purchase agreements, and the rental or leasing of industrial uniforms, garments, linen supplies, tools, party and event supplies, furniture, and heavy construction equipment. This change applies to reports due on or after the effective date, which is January 1, 2027.