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HB 178, 36th R.S.

Relating to amending certain acts so as to provide that the franchise tax on foreign corporations, therein levied, shall be based upon that portion of the total authorized capital stock, plus the surplus and undivided profits, if any, of such corporation, as the gross receipts of such corporation from its Texas business bears to its total gross receipts, and providing a minimum for franchise tax to be paid by foreign corporations.

Author: William Harrison Bledsoe
Coauthor: Barry Miller

Session Law Chapter:
Acts 1919, 36th R.S.,ch. 42, General Laws of Texas

Subjects:
Corporations & Associations
Taxation--Franchise

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