Words explained

Franchise tax

A Texas state tax on businesses for the privilege of doing business in Texas, based mainly on a business's margin. Businesses under a set revenue threshold owe no tax.

Plain meaning written by PSI Sci editors from the linked source. Source: Texas Comptroller of Public Accounts, Franchise Tax

Measures that use this word

• H.Res. 1032: Providing for consideration of the Senate amendments to the bill (H.R. 7148) making further consolidated appropriations for the fiscal year ending September 30, 2026, and for other purposes; providing for consideration of the joint resolution (H.J. Res. 142) disapproving the action of the District of Columbia Council in approving the D.C. Income and Franchise Tax Conformity and Revision Temporary Amendment Act of 2025; and providing for consideration of the bill (H.R. 4090) to codify certain provisions of certain Executive Orders relating to domestic mining and hardrock mineral resources, and for other purposes.
• S.J.Res. 102: A joint resolution disapproving the action of the District of Columbia Council in approving the D.C. Income and Franchise Tax Conformity and Revision Temporary Amendment Act of 2025.
• H.J.Res. 142: Disapproving the action of the District of Columbia Council in approving the D.C. Income and Franchise Tax Conformity and Revision Temporary Amendment Act of 2025.
• HB 304 (892): Relating to a franchise tax credit for entities that establish a grocery store or healthy corner store in a food desert.
• HB 3830 (89R): Relating to a franchise tax credit for certain watershed protection activities.
• HB 3605 (89R): Relating to a franchise tax credit for taxable entities that employ certain apprentices in broadband utility engineering or construction jobs.
• HB 3547 (89R): Relating to an exemption from the franchise tax for certain qualified space companies.
• HB 3191 (89R): Relating to a franchise tax credit for taxable entities that make certain employer child-care contributions and a study on access to and availability of child care in this state.
• HB 3070 (89R): Relating to a franchise tax credit for opening an early learning and child-care center in certain affordable housing developments.
• HB 3011 (89R): Relating to a franchise tax credit for taxable entities that make certain employer child-care contributions.

Record franchise-tax