HB 117 NATIONAL LAB CONTRACTOR GROSS RECEIPTS

Rep Kristina Ortez

Actions: HPREF [2] HCEDC/HTRC-HCEDC [8] DP-HTRC

Scheduled: Not Scheduled

 House Bill 117 (HB 117) excludes receipts of a prime contractor operating a national lab or a state-owned research facility from Gross Receipts Tax deductions for manufacturers. 

 House Bill 117 (HB 117) excludes receipts from sales of property and services to manufacturers in a Gross Receipts Tax (GRT) and Government GRT deduction for prime contractors operating a national lab or a state-owned research facility. 

The effective date of HB 117 is July 1, 2024.