89R6021 JBD-F     By: Hinojosa of Nueces S.B. No. 2774       A BILL TO BE ENTITLED   AN ACT   relating to the classification of certain entities as primarily   engaged in retail trade for purposes of the franchise tax.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 171.0001(12), Tax Code, is amended to   read as follows:                (12)  "Retail trade" means:                      (A)  the activities described in Division G of the   1987 Standard Industrial Classification Manual published by the   federal Office of Management and Budget;                      (B)  apparel rental activities classified as   Industry 5999 or 7299 of the 1987 Standard Industrial   Classification Manual published by the federal Office of Management   and Budget;                      (C)  the activities classified as Industry Group   753 of the 1987 Standard Industrial Classification Manual published   by the federal Office of Management and Budget;                      (D)  rental-purchase agreement activities   regulated by Chapter 92, Business & Commerce Code;                      (E)  activities involving the rental or leasing of   tools, party and event supplies, and furniture that are classified   as Industry 7359 of the 1987 Standard Industrial Classification   Manual published by the federal Office of Management and Budget;   [and]                      (F)  heavy construction equipment rental or   leasing activities classified as Industry 7353 of the 1987 Standard   Industrial Classification Manual published by the federal Office of   Management and Budget; and                      (G)  activities involving the rental of   industrial uniforms, industrial garments, and industrial linen   supplies that are classified as Industry 7213 or 7218 of the 1987   Standard Industrial Classification Manual published by the federal   Office of Management and Budget.          SECTION 2.  This Act applies only to a report originally due   on or after the effective date of this Act.          SECTION 3.  This Act takes effect January 1, 2027.