Research & Development (R&D) Bill Set for Hearing The Senate Finance committee has set SB 2206 by Bettencourt for hearing on Wednesday, April 9 at 9:00 a.m. SB 2206 extends and reforms the current R&D Franchise tax credit. Removes the sales tax exemption for R&D and allows for a refundable credit for entities not filing franchise tax. A one-pager…

PowerPoint Presentation

Comparison of Tax Relief Packages, 89th Legislature Both the House and Senate continue to work on their respective tax relief packages for this session, and neither has reached Governor Abbott’s $10 billion goal. The House package is estimated at $6.4 billion, and the Senate package $6.2 billion. Both the House and Senate budgets (HB 1 and…