Key changes in the state franchise tax proposed by a small-business coalition:

Raise the small-business tax exemption from $300,000 to $1 million in gross receipts a year.

Exempt small businesses that are losing money or marginally profitable.

Require a two-thirds vote of Legislature to increase the business tax rate.

Reduce the tax rate by 50 percent for businesses with gross receipts below $20 million.

Allow deductions for all contract labor used by Texas companies.

Print

E-mail this article

Forums

Check Screen Name Availability

Screen names can only consist of letters and numbers.

---

Leave Comment

Conversation guidelines: We welcome your thoughts and information related to this article. When leaving comments please stay on topic and be respectful of others.

You must be logged in to contribute. Log in | Register Now!

You are logged in as screenname | Log Out

You are logged in, but do not have a "screen" name. Update Your Profile

Showing:

Newest first Oldest first

---