TX Manufacturers Oppose Gutting Margins Tax

The margins tax is on the Legislature’s Most Wanted List.  In week 1 of pre-filing bills for 2015, 7 bills to gut the tax have been filed.  The texas manufacturers, thinking proactively, urge caution.  

From the Manufactuers: “TAM believes the Texas Franchise Tax is a fair system that provides necessary revenue while allowing all businesses to share in the cost of running our state,” the group said in a separate position paper on the franchise tax.” [Dallas Morning News | Trailblazers]