SB 1058 Texas Senate · 89th Legislature (2025)

Relating to the exclusion of certain securities transaction payments from the total revenue of a taxable entity that is a registered securities market operator.

This bill amends Texas tax code to allow registered securities market operators (such as stock exchanges) to exclude specific "transaction rebate payments" from their taxable revenue. These payments incentivize brokers or dealers to provide market liquidity during securities transactions. The exclusion applies only to payments meeting federal definitions under SEC/CFTC regulation, as defined in the bill. The change takes effect for tax returns filed on or after January 1, 2026.

Issues: ✗ Budget & Taxes

Bill status signed all 5 stages cleared

Introduction

Feb 2025

Committee Review

Apr 2025

Senate Passage

Apr 2025

House Passage

May 2025

Signed into Law

May 2025

Introduced Feb 3, 2025 Signed May 13, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

Engrossed → Enrolled · 1 edit · May 13, 2025

MINOR

This bill text was converted from an 'Engrossed' version to an 'Enrolled' version, which is the final version approved by both legislative chambers and ready for the Governor's signature. The substantive policy content remains identical, with only formatting, spacing, and certification signatures added to reflect its final legislative status.

Scope change

No substantive change to the bill's scope or applicability; this is a procedural conversion to the final enrolled version.

TECHNICAL

Added enrolled version header, spacing adjustments, and signature blocks certifying passage by Senate and House with specific dates and vote counts.

Floor votes · House Apr 29, 2025

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

May 13, 2025

Signed into law

Signed by the Governor

executive

May 1, 2025

Lower · Passed

Signed in the House

lower

Apr 30, 2025

Upper · Passed

Signed in the Senate

upper

Apr 29, 2025

Upper · Passed

House passage reported

upper

Apr 29, 2025

Lower · Passed

Passed

lower

Apr 28, 2025

Lower · Passed

Committee report sent to Calendars

lower

Apr 25, 2025

Lower · Passed

Committee report distributed

lower

Apr 23, 2025

Lower · Passed

Reported favorably w/o amendment(s)

lower

Apr 17, 2025

Committee

Referred to Ways & Means

lower

Apr 17, 2025

Introduced

Read first time

lower

Apr 14, 2025

Introduced

Received from the Senate

lower

Apr 10, 2025

Upper · Passed

Passed

upper

Mar 31, 2025

Upper · Passed

Committee report printed and distributed

upper

Mar 31, 2025

Upper · Passed

Reported favorably as substituted

upper

Mar 27, 2025

Upper · Passed

Vote taken in committee

upper

Mar 18, 2025

Upper · Passed

Left pending in committee

upper

Mar 18, 2025

Upper · Passed

Testimony taken in committee

upper

Feb 24, 2025

Committee

Referred to Business & Commerce

upper

Feb 24, 2025

Introduced

Read first time

upper

3 primary · 2 co-sponsors