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The Harris County Republicans Party (HCRP) is a volunteer organization.

HCRP is part of the Texas Republican Party and is the
official Republican Party Organization in Harris County.


Rep. Bohac files legislation to phase out Texas’ franchise tax

Memorial Examiner - State Representative Dwayne Bohac (R-Houston) has filed HB 1314 that will phase out Texas' Franchise Tax (also called the Margin Tax) over the next 10 years and provide significant tax relief for Texas business owners.

HB 1314 will lower the franchise tax rates to 0.9 percent and 0.45 percent in 2016, and then reduce them by 10 percent annually until they are phased out over 10 years. Most taxable entities currently pay 0.975 percent, while entities that primarily operate in retail or wholesale trade pay 0.4875. This will allow the state to wind down the tax in small increments, reducing the fiscal impact while at the same time allowing for the positive effects of economic growth and job creation.

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