Texas business group calls for business tax relief
The state's largest business lobbying group jumped on the tax relief bandwagon Wednesday, calling for cutting the franchise tax rate as well as extending the $1 million small-business tax exemption to all Texas businesses.
Other budget experts question Hammond's assumption that as much as $4 billion might be available for the TAB agenda.
And why not property tax relief for homeowners instead of tax cuts for business?
Hammond said the business community pays 62 percent of state and local taxes.
"If we give homeowners relief, more of the burden will fall on business," Hammond said. "We see this as an opportunity to reduce that burden."
