margins tax

2013 Legislative Session
7:17 am
Tue May 7, 2013

Bill Offering More Breaks From Franchise Tax Hits House

Liang Shi for KUT News

The Texas House will take up what is likely to be its most sweeping attempt at tax reform this year on Tuesday, though for some critics, it doesn’t go far enough.

Lawmakers have been waiting for weeks for House Bill 500, from state Rep. Harvey Hilderbran, R-Kerrville, to reach the floor. The bill would spend nearly $400 million to reduce the burden of the state's franchise tax on businesses, also known as the margins tax. Along with addressing how the tax applies to a handful of industries, the bill would make permanent a popular provision that exempts businesses with less than $1 million in gross receipts from paying the tax annually. The provision is set to expire next year.

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Politics
5:05 am
Thu January 10, 2013

Perry Calls for Tax Cuts as Legislature Opens

The Legislature will decide what to do now that it has more money this cycle.
Todd Wiseman/Texas Tribune

Texas lawmakers may have $29 billion more to spend on the state budget this session than they did in 2011. Now, Gov. Rick Perry is floating the idea of tax cuts.

Perry says lawmakers will have more than $101 billion in revenue over the next two years because of the economic climate Republicans have created in Texas. Increased revenue, he says is a reason to push for keeping a tight budget and avoiding increases -- and, as he told lawmakers during the Legislature’s opening day Tuesday, to consider tax cuts.

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AM Update
8:34 am
Tue June 5, 2012

AM Update: Animal Shelter Achieves No-Kill, Controversial Tax Considered, Thunder Rolls on Spurs

Despite crowding, the Austin Animal Shelter met its no-kill benchmarks in May; The Texas House Ways & Means Committee will take a closer look at a tax today; The Spurs are down 3-2 in the NBA Western Conference Finals.
Photo by KUT News; Photo by Lizzie Chen for KUT News; Photo by D.Clarke Evans/NBAE/Getty

Austin Animal Center Achieves 90 Percent Live Outcome Rate

The Austin Animal Center put down 10 percent of animals in May, achieving a 90 percent live outcome rate. That is up two percent from this time last year, but down one percent from April.

The shelter took in more than 2,237 animals last month, including hundreds of kittens. The shelter expects to be just as busy this month.

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