HB3866 — Relating to a franchise tax credit based on the ad valorem taxes paid by a taxable entity on certain inventory.

HB3866 — Relating to a franchise tax credit based on the ad valorem taxes paid by a taxable entity on certain inventory. · Informed CitizenryHB 3866 proposes to amend the Tax Code by creating a new franchise tax credit for 'qualified entities.' A qualified entity is defined as a retailer that pays ad valorem taxes on retail inventory ow…Open in Informed Citizenry