Texas SB1058 excludes certain securities transaction payments from taxable revenue for exchanges and exchange members.
Texas SB1058 amends the Tax Code to exclude certain securities transaction payments from the total revenue of taxable entities that are exchanges or members of an exchange. Specifically, it excludes transaction rebate payments made by an exchange to a member as part of a securities transaction. This Act takes effect January 1, 2026, and applies to reports due on or after that date.
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