Texas business tax break - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Texas business tax break

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NewsChannel 10

Texas - Many Texas businesses could soon be getting a major tax break.

State lawmakers voted Thursday to extend a tax break for businesses with revenues of less than $1 million a year.

The new bill will reportedly cost the state more than $150 million over the next two years.

Under the original business franchise tax, only companies with revenues of less than $600,000 a year were exempt.