Texas HB3830 provides a franchise tax credit for certain watershed protection activities.

Texas HB3830 amends the Tax Code to establish a franchise tax credit for taxable entities that transport agricultural waste outside of a major sole source impairment zone. The credit is equal to the total costs of fuel, labor, and equipment used for transporting the waste. The credit cannot exceed 50 percent of the franchise tax due after other applicable tax credits. Taxable entities can carry forward unused credits for up to 10 consecutive reports. The credit cannot be assigned or transferred unless all assets are transferred in the same transaction.

Texas HB3830 provides a franchise tax credit for certain watershed protection activities.

Texas HB3830 amends the Tax Code to establish a franchise tax credit for taxable entities that transport agricultural waste outside of a major sole source impairment zone. The credit is equal to the total costs of fuel, labor, and equipment used for transporting the waste. The credit cannot exceed 50 percent of the franchise tax due after other applicable tax credits. Taxable entities can carry forward unused credits for up to 10 consecutive reports. The credit cannot be assigned or transferred unless all assets are transferred in the same transaction.