AUSTIN – Today, the Texas House of Representatives will consider House Bill 213, a bill to permanently extend the $1 million small business tax exemption, benefitting thousands of small Texas businesses and entrepreneurs. We encourage Members to support HB 213.
“Texas cannot continue to be the nation’s economic engine if our small businesses and entrepreneurs do not have complete certainty about their tax liability. Legislators have a responsibility to give some measure of predictability to our small business community so that they can plan for the future,” said Talmadge Heflin, Director of the Center for Fiscal Policy at the Texas Public Policy Foundation.
“House Bill 213 will make permanent the $1 million tax threshold-the same threshold in place now-which, in turn, will allow our small businesses to shift their focus from the Tax Code to growing their businesses,” said Heflin.
The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin.