WHEREAS the Texas margin (franchise) tax is a tax on business revenue, not profits;
WHEREAS Texas business could lose money and still owe margin taxes;
WHEREAS in March of 2014, primary voters overwhelmingly (9-1) voted to abolish the franchise tax to encourage business growth;
WHEREAS the margin tax discourages economic growth;
RESOLVED that the margin tax be eliminated by phasing it out over the next 3 years.
Submitted on December 13th, 2014.
Signed: New Revolution Now
Co-Signer: sign below in comments