HB276 — Relating to a deduction under the franchise tax for certain contracts with the federal government.

HB276 — Relating to a deduction under the franchise tax for certain contracts with the federal government. · Informed CitizenryHB 276 amends the Tax Code to modify how a taxable entity's margin is computed for franchise tax purposes. Specifically, it adjusts the calculation of the taxable margin by allowing for the subtrac…Open in Informed Citizenry