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HB 1508 (89R): Relating to the repeal of the franchise tax.

89th Legislature, regular session · filed 2024-12-04 · Latest: Left pending in committee

texasstate-bill

What does this mean?

Official caption

Relating to the repeal of the franchise tax.

Plain summary

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What a vote does

A “Aye” vote

If it passes both chambers and the governor signs it (or does not veto it), it becomes Texas law.

A “Nay” vote

If it does not pass, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Relating to the repeal of the franchise tax.

Source: Texas Legislature Online bill history XML (Texas Legislative Council), ftp://ftp.legis.state.tx.us/bills/89R/billhistory/

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The strongest published arguments

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Arguments against (opponents)

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Alternatives

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Officials and money

Authors: Metcalf

Bill history (latest 7 steps)

Money: No cost estimate published yet. No linked contracts or vendors yet.

Words on this page, explained (2)
Franchise tax
A Texas state tax on businesses for the privilege of doing business in Texas, based mainly on a business's margin. Businesses under a set revenue threshold owe no tax.
Veto
The power of a president or governor to reject a bill passed by the legislature. Lawmakers can override a veto with a large enough vote (two-thirds of each chamber in Congress).

Plain meanings written from linked sources. All words.

Sources

Record st-tx-89r-hb1508 · catalog st-tx-tlo-bills-89r · updated 2026-11-03 by psicol tx-bills