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|Elimination of Occupational Licensing Fee Part of More Than $4 Billion In Tax Relief|
On June 15th Gov. Greg Abbott hosted a bill signing ceremony at Advanced Micro Devices (AMD) in Austin, TX where he ceremonially signed into law HB 32 (D. Bonnen, R-Angleton; Nelson, R-Flower Mound), which permanently reduces the business franchise tax by 25 percent. Gov. Abbott also highlighted several bills that he signed into law to reduce the property tax burden on homeowners, eliminate occupational licensing fees for more than 600,000 Texas professionals, and increase transparency to hold local taxing districts more accountable to voters.
(Information from Greg Herzog and report from Office of Governor of Texas.)