Governor Abbott Signs Legislation Providing Over $4 Billion In Tax Relief For Businesses And Homeowners

Governor Greg Abbott today hosted a bill signing ceremony at Advanced Micro Devices (AMD) in Austin, TX where he ceremonially signed into law HB 32 (D. Bonnen, R-Angleton; Nelson, R-Flower Mound), which will permanently reduce the business franchise tax by 25 percent. Governor Abbott also highlighted several bills that he signed into law to reduce the property tax burden on homeowners, eliminate occupational licensing fees for more than 600,000 Texas professionals, and increase transparency to hold local taxing districts more accountable to voters


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