San Marcos Mercury | Local News from San Marcos and Hays County, Texas

franchise tax


Monday, July 22nd, 2013

Business bear brunt of Texas taxes, study finds

In 2007, after Texas lawmakers passed sweeping tax reform that reduced property taxes and created a business franchise tax, Dallas-based business owner Andy Ellard saw his company's franchise taxes shoot up from $335 to $7,602.

Friday, October 19th, 2012

Texas High Court rejects challenge to franchise tax

The Supreme Court of Texas on Friday struck down a challenge by Nestle Inc. and two other businesses targeting the state’s franchise tax.