The Texas Legislature convened just five months ago with several bills filed to phase out the state’s primary business tax.
Traditionally Texas lawmakers are generous to business interests — at the expense of state services, their critics would say. But legislators never seriously considered phasing out the franchise tax, commonly called the margins tax, that has provided about 10 percent of the state’s total revenue from taxes.
The story you’re reading is premium content from the Austin American-Statesman. Subscribers get total access to all our in-depth news, digital editions and exclusive premium content. You can also buy a 24-hour digital pass or 7-day digital pass.
Read MyStatesman.com now — 24-hour digital pass99¢ for 24-hours
Read MyStatesman.com all week — 7-day digital pass$3.99 for 7-days
Subscribe to the Statesman for as little as 33¢ per dayView Offers
For Subscribers: Register your account for digital access.Access Digital
For Subscribers: Sign in here if you have already registered your account.Sign In