Complete coverage of the 83rd session of the Texas Legislature.

Major $400M Tax Bill Heads to Texas House

By PAUL J. WEBER
|  Tuesday, May 7, 2013  |  Updated 5:06 AM CDT
View Comments (
)
|
Email
|
Print
Major $400M Tax Bill Heads to Texas House

NBCDFW.com

advertisement

A major tax bill headed for the Texas House floor could create a major showdown over legislation pivotal to Gov. Rick Perry's demand for tax relief.

The House on Tuesday is to consider nearly $400 million in business tax breaks through proposed reforms to the state's maligned franchise tax. Businesses complain the tax is applied unevenly, while Democrats grouse about how the tax underperforms.

Perry has called for the Legislature to deliver $1.6 million in tax cuts before the session ends this month. He also vowed not to sign a new state budget unless lawmakers pass what he considers "significant" tax relief.

The price tag on the business tax reform bill could still rise. Among the proposals is a three-year exemption to companies that relocate to Texas.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
Get NBCDFW on Mobile!
Get NBCDFW's free news and weather... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out