Issue Position: Small Business Tax Reform

Issue Position

Small business is the backbone of our economy. House Bill 4765 recognizes this by giving companies with $1 million or less in annual revenue an exemption from the state's franchise tax. Alleviating the burden of the state's margin tax for the smallest of small businesses will allow them to invest in their companies, retain and create jobs, and provide the goods and services that will help revive the Texas economy. Small business helps fuel Texas' economic engine. An estimated 40,000 small businesses are expected to benefit.

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