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Tell the Legislature: Repeal the Franchise Tax!

Tell the Legislature: Repeal the Franchise Tax

A decade ago, liberal lawmakers in the Texas Legislature came together and imposed an onerous tax on Texas’ businesses: the state’s franchise tax also known as the gross margins tax.

Since its inception, this onerous tax has imposed an unnecessary burden on Texas businesses and undermined our competitive edge.

While the tax was sold as a way to lower property taxes, it actually brings in a small fraction of Texas’ revenue, and property taxes have continued to climb—becoming one of the most cumbersome burdens Texans face.

The problem with a “business tax” is no matter how government tries to disguise it, businesses do not pay taxes; people always left footing the bill.