BUSINESS TAXES Small firms feeling pinch from state's franchise tax Some say they're looking to leave Texas; Legislature may revisit issue come spring
Charles Leggette is comfortable with numbers. But the figures his accountant showed him recently created some emotional upheaval for the actuarial consultant: His bill for the state's franchise tax increased by seven times, to $18,542. That's even though revenue at Leggette Actuaries/Consultants declined slightly in 2007 from the year before. "We're investigating moving our headquarters out of Texas," Mr. Leggette said Monday....
7/9/2008 12:00:00 PM
News & Issues - Business/Financial News
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