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Coalition rallies to dump the state franchise tax in 2015 legislative session

from Texas Public Radio

A group of Republican lawmakers, business alliances and tea party activists are hoping to gather enough support ahead of the 2015 legislative session in order to do away with the Texas franchise tax. The state's franchise tax, also known as a margins tax, is accessed as a privilege to do business in the state, similar to a fee. The Texas franchise tax has existed in some form since the early 1800s. In 2006 the state faced with a potential shutdown so lawmakers revamped the franchise tax along with a handful of other tax reforms hoping to glean additional revenue. Since that year, reforming it has been one of the most talked about tax reforms. more

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