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Texas House takes up tax bill amid Senate passage of 662.3 million measure
The House action follows Senate approval 22 to 9 of HB 730 after six defeated attempts to add a corporation profits levy. The bill raises sales tax to 4 percent, expands motor vehicle sales tax, lifts franchise tax to 4.50 per 1000, increases cigarette and gasoline taxes, and adds diesel and beer levies. A conference committee will reconcile differences, and hotel room and other taxes were stripped.
MENTIONED IN THIS ARTICLE
Austin
House
Senate
Gus Mutscher
Shell
State Supreme Court
Texas
John C. White
White
California
Atmospheric Inc
Texas Water Development Board
Plainview
Ben Barnes
Barnes
Smith
Bureau of Outdoor Recreation
Smth
BOR
U. S
Segal Wheatley
San Antonio
Pearce Johnson
Parks and Wildlife Commission