While some state senators are floating the idea of imposing a new business income tax, Taxpayer Champion Ken Paxton — currently a House member seeking an open senate seat in 2012 — says that’s the wrong direction for Texas’ economy.
This article was published at Accounting Services of Charlotte, NC
By a vote of 37-26, the Senate passed the omnibus tax bill Tuesday, April 5th. The bill phases out the statewide business property tax; extends the local government aid reductions enacted last year and reduces property tax refunds for renters. The bill would reduce spending by $580 million for the coming biennium. (To view closed-caption video, select the Senate Floor Sessions tab on the left.) Comments from Deputy Majority Leader Geoff Michel, Minority Leader Tom Bakk, and Senate Tax Chair Julianne Ortman.
This article was published at Accounting Services of Charlotte, NC
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This article was published at Accounting Services of Charlotte, NC
