Local Business Tax (Watch)

Local Business Tax (Watch)

HB 603 (Gonzalez) creates new exemptions from the local business tax for veterans, certain spouses of veterans and low-income people. The bill also exempts businesses with fewer than 100 people if an exempt individual owns a majority interest in the business. The bill also allows certain cities that impose a local business tax on merchants measured by gross receipts to continue to impose the tax. (Hughes)