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HB 1860, 65th R.S.

Relating to the time a corporation forfeits its right to do business in this state for failure to pay or report franchise taxes; relating to the personal liability of directors and officers for certain debts of corporation whose right to do business has been forfeited.

Last action: Effective in 90 days

Author: Bob Simpson
Sponsor: Bill Braecklein

Remarks: Revenue Administration S/C - Chm., A. Hall. Reported from S/C with no recommendations to Full Committee. Second reading amendments comm. substitute- 5/13/77, HJ pg 2905.

Session Law Chapter:
Acts 1977, 65th R.S.,ch. 671, General and Special Laws of Texas

Companion:

SB 816 (Identical)

Bill Analyses:
Committee Report (House Study Group)

Subjects:
Corporations & Associations
Taxation--Franchise

House Committee: Ways & Means ()
Minutes: April 25 1977
Senate Committee: Economic Development ()

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