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Texas accepts 22 million dollar omnibus tax bill
Gov. W. Lee O Daniel signed House Bill 8 at the executive mansion after a swift legislative run, boosting state revenue by 22 million annually. The measure targets oil gas and mineral sectors plus utilities and several industries, with old age pensioners and teachers benefiting through increased payments and retirement costs offset by federal matching funds. Governor’s future plans to seek the U S Senate were already the subject of capitol discussion as adjournment followed the signing.
MENTIONED IN THIS ARTICLE
Richard M. Morehead
Austin
Texas
W. Lee O'Daniel
Rep
G. C. Morris
Greenville
House of Representatives
Oil and Gas Company
House
Senate
O'Daniel
Executive
Morris
Dallas Blankenship
Dallas
U. S. Senate