SB1081 — Relating to a deduction under the franchise tax for certain contracts with the federal government.

SB1081 — Relating to a deduction under the franchise tax for certain contracts with the federal government. · Informed CitizenrySB 1081 amends the Tax Code to modify how a taxable entity's taxable margin is computed for the purpose of franchise tax. Specifically, it adjusts the calculation of the taxable margin by incorpora…Open in Informed Citizenry