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From the 79th Legislature
HB 3  Franchise Tax
Keffer, Jim | Luna | Otto | Branch | Villarreal
TAGS: sharp plan, franchise tax, taxes
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Updated by Eric
on Nov 2, 2006 23:53:52
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Summary

HB 3 establishes a margins tax on Texas businesses. Approximately 1 in 8 businesses pay the tax.

The real estate, finance and insurance industries are exempt from paying the tax.
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