House Bill 2403, as passed by the Texas Legislature, would have amended the Texas Tax Code to provide that a company has nexus with Texas for sales tax purposes if it (1) sells property owned by another person in Texas, (2) owns a “substantial ownership interest” in or in which a “substantial ownership interest” is owned by another company that meets the definition of a “retailer” in Texas, or (3) owns a “substantial ownership interest” in or in which a “substantial ownership interest” is owned by another company that operates a distribution facility in Texas.  Many viewed HB 2403 as an attempt to require Amazon.com and other internet retailers to collect Texas sales tax.  The Governor vetoed the bill today.