What Texas’ recent tax legislation could mean for small businesses


For 19 consecutive years, Texas has held the title of “Best State for Business.” However lately, many constituents (particularly small business owners) have been questioning the state government’s commitment to being business-friendly. Why?

One reason is the expiry of the state’s multibillion-dollar corporate tax incentive program, which ceased at the end of 2022. For two decades, Chapter 313 lured economy boosters like Tesla and Hewlett-Packard to the Lone Star State with corporate tax…

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