2 Problems with Franchise Tax for Small Businesses

NFIB told Senate Finance that the franchise tax remains a thorn for small businesses because:

• the tax does not generate the projected revenue 
• small businesses think the tax is a failure and a repeal would lead to businesses investing tax dollars in their businesses and employees

82% of NFIB members call for a full repeal of the franchise tax.

NFIB | FRANCHISE TAX STILL A THORN IN SMALL BUSINESS SIDE IN TEXAS