While the 2015 Texas Legislature gave taxpayers a significant franchise tax (margin tax) rate cut and repealed some smaller taxes (some of which had not been collected in years), it otherwise left much of the Texas tax code otherwise unchanged. In this Texas legislative recap, we’ll tell you about the changes the Texas Legislature made […]
The 83rd Regular Legislative session is at an end, and the Legislature passed many changes to the Texas franchise tax in the session’s final hours. The bill that included most of these changes was HB 500. I previously covered the House version of this bill, as well as the very different Senate version. The Legislature worked out […]
The Texas Senate just passed its plan for fixing the Texas Franchise Tax. It’s quite different from the Texas Franchise Tax reform bill the House passed two weeks ago, which I detailed in an earlier post. Of course, this means that the House and Senate must reconcile the differences over the weekend if the Legislature […]
Last week, the House passed HB 500, a major revision to the Texas franchise tax. This is the first indication of what changes may be in store for the Texas franchise tax, or margin tax, in 2013. Below is a fairly complete list of all of the changes that HB 500 includes. Of course, the […]
