March 4, 2009 - "Commercial real estate, suffering through its worst year in decades, has been cut a break with a proposed bill by Sen. Florence Shapiro, (R-Plano), to amend the business franchise tax, or as some call it, the margin tax. A House version and a sponsor will be put into place in the coming weeks before the state legislature." <Read more>
March 3, 2009 - "Sen. Florence Shapiro, R-Plano, has filed legislation that would exclude pass-through payments from the state’s 2007 revised franchise tax. Also referred to as the margin tax, the revised franchise tax currently includes pass-through payments in a commercial landlord’s total taxable revenue." <Read more>
March 3, 2009 - "Senator Florence Shapiro (R-Plano) filed legislation Monday that would exclude certain commercial lease expenses, called pass-through payments, from the state’s revised franchise tax that went into effect in 2007." <Read more>
Press Questions for RECsTX
Nancy McDonald
512-320-4151