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 05 164 Texas Franchise Tax Annual Report Extension Request 05 164 Texas Franchise Tax Annual Report Extension Request 2021

Texas 05 164 2021-2025 Form

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Texas tax hated by businesses could soon go away at the Capitol today the House of Representatives took the final vote approving a bill to face out the franchise tax KB political reporter Ashley Godot is live at the Capitol and Ashley if you were taxes well it sounds like a pretty good thing well of course it does quita especially in a state that touts itself is being business friendly but there's a flipside that tax helps pay for a lot of important stuff mainly public schools there's a cost for doing business in the great state of Texas it's called the margin or franchise tax basically the franchise tax is a business tax the year Austin representative Donna Howard started serving in the House is the same year lawmakers made some changes to the tax in 2006 we revised that to lower the rate but expand the base so that more businesses were part of the franchise tax system the advantage for you is supposed to be lower property taxes and not all businesses have to p

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