Key Votes
HB 3 - Business Tax Revisions - Key Vote
Texas Key Votes
Stages
Family
- HB 3 - Business Tax Revisions
- HB 1330 - Second Parent Adoption
- S 3076 - Permits the reopening of a period of time for board of education school crossing guard employees in the police department to join the retirement system
- AB 1618 - Corporation taxes: deductions: interest expense
- HB 4139 - Peace Officer Firearms
- SB 1313 - Perfluorochemical (PFC) Ban
- HB 1197 -
- SB 393 - Prohibiting Texting While Driving
- HB 959 -
- HB 3 - Omnibus Bond Act
- SF 376 - Bonds Issuance for Infrastructure Projects and the Creation of an Iowa Jobs Program, Board, and Fund.
- HF 108 - Primary Seat Belt Law
- HB 6578 - Death Penalty Replacement
- SB 789 - Amending Unionization Requirements for Agricultural Employees
- HB 2186 - Greenhouse Gas Emissions
- HB 1657 - Contractor Worker's Compensation
- HB 1702 - Supplemental Appropriations
- H 616 - Local Improvement District Restrictions
- HB 1272 - Relating to Health and Revenue and Taxation
- SB 1 - Reduces State Income Tax Rates
- SB 580 - Special 1 Day Liquor Licenses
- HB 976 - Amends School Voucher Program
- SCR 1 -
Issues
Stage Details
Legislation - Bill Passed (Senate) (16-14) - May 2, 2006 (Key vote)
Title: Business Tax Revisions
Vote to pass a bill that replaces the corporate franchise tax on for-profit corporations and limited liability companies with a tax on all Texas businesses except for sole proprietorships, general partnerships that are owned by individual persons, non-profit companies, businesses with gross receipts totaling $300,000 or less, and those whose tax bill is less than $1,000, and some other businesses, such as insurance companies. This bill also changes the basis of taxation from net worth or modified net income to a businesss total revenue minus either the cost of goods sold or the total cost of employee compensation. The bill also states that the tax rate can only be increased with the approval of a majority of voters in a statewide referendum and prohibits companies from deducting the costs of hiring undocumented immigrants.
Legislation - Bill Passed (House) (80-68) - April 24, 2006 (Key vote)
Title: Business Tax Revisions
Vote to pass a bill that replaces the corporate franchise tax on for-profit corporations and limited liability companies with a tax on all Texas businesses except for sole proprietorships, general partnerships that are owned by individual persons, non-profit companies, businesses with gross receipts totaling $300,000 or less, and those whose tax bill is less than $1,000, and some other businesses, such as insurance companies. This bill also changes the basis of taxation from net worth or modified net income to a businesss total revenue minus either the cost of goods sold or the total cost of employee compensation. The bill also states that the tax rate can only be increased with the approval of a majority of voters in a statewide referendum and prohibits companies from deducting the costs of hiring undocumented immigrants.
Sponsors
Co-sponsors
- Kip Averitt (TX - R) (Out Of Office)
- Daniel H. 'Dan' Branch (TX - R)
- Vilma Luna (TX - D) (Out Of Office)
- Steve Ogden (TX - R) (Out Of Office)
- John C. Otto (TX - R)
- Michael 'Mike' Villarreal (TX - N)
