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Seal of the Senate of the State of Texas Welcome to the Official Website for the Texas Senate
Seal of the Senate of the State of Texas
Welcome to the official website for the
Texas Senate
 
Senator Jane Nelson: District 12
[SENATE SEAL]
March 3, 2015
Contact: Megan Hanson
512-463-0112
TODAY IN FINANCE

On the agenda: Franchise and Sales Tax Relief

  • SB 7 - Nelson
  • SB 8 - Schwertner

For the full agenda, please view the posting online

Highlights:

  • "Tax Relief Week" continues today in the Senate Finance Committee with testimony on bills related to franchise, sales and other taxes. Tomorrow the committee will hear public testimony on all the bills heard today and yesterday.
  • SB 7 by Senator Nelson
    • SB 7 provides $1.5 billion in business tax relief over the biennium by reducing the franchise tax rate by 15 percent.
    • Statement from Senator Nelson: "As a businessperson myself, I understand that the success of our state depends on the success of our businesses, and this tax relief will make it easier for businesses to continue to grow."

To watch the Senate Finance Committee hearing online, click here.


Senator Jane Nelson
Chair, Senate Finance Committee

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