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Get SUMMARY OF THE REVISED TEXAS FRANCHISE TAX

(512) 346-5558 Fax: (512) 346-2712 Gilbert J. Bernal, Jr. s email address: gbernal sbaustinlaw.com David J. Sewell s email address: dsewell sbaustinlaw.com Firm website: www.sbaustinlaw.com I. TEXAS FRANCHISE TAX The Texas Legislature enacted House Bill 3, a significant revision to the Texas franchise tax, in a special session in the summer of 2006. The revised Texas franchise tax, sometimes called the Margin Tax, goes into effect January 1, 2008, but the 2008 tax report will be bas.

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