Texas HB3684 amends the Tax Code to exclude certain securities transaction payments from the total revenue of taxable entities for franchise tax.

HB3684 modifies the Texas Tax Code to exclude transaction rebate payments from the total revenue of taxable entities that are exchanges or members of exchanges. These payments, made as part of securities transactions, are intended to compensate exchange members and provide liquidity to the market. The changes apply to reports due on or after the Act's effective date of January 1, 2026.

Texas HB3684 amends the Tax Code to exclude certain securities transaction payments from the total revenue of taxable entities for franchise tax.

HB3684 modifies the Texas Tax Code to exclude transaction rebate payments from the total revenue of taxable entities that are exchanges or members of exchanges. These payments, made as part of securities transactions, are intended to compensate exchange members and provide liquidity to the market. The changes apply to reports due on or after the Act's effective date of January 1, 2026.