Business Tax Plan Unexpectedly Stalls in Texas Senate

Albanese, Elizabeth
May 2006
Bond Buyer;5/3/2006, Vol. 356 Issue 32373, p38
Trade Publication
The article reports that the plan of the legislative bodies in Texas for a new broad-based business tax has come to a stop after the Senate failed by a vote to bring the measure up for discussion last May 2, 2006. The business tax proposal has been patronized by businesses and business organizations. Democrats have opposed the measure due to the Republicans' desire to use revenue from the tax to cut down local property taxes rather than increase education spending.


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