HB3870 — Relating to a franchise tax credit for ad valorem taxes paid by a taxable entity on certain inventory.

HB3870 — Relating to a franchise tax credit for ad valorem taxes paid by a taxable entity on certain inventory. · Informed CitizenryHB 3870 amends the Tax Code to create a franchise tax credit for taxable entities that pay ad valorem taxes on certain inventory located in Texas. A 'qualified entity' is defined as a taxable entit…Open in Informed Citizenry