BILL · 2007–08 SESSION
HB 1516: New business b & o tax
Providing business and occupation tax exemptions for new small businesses.
Summary
- Provides a new business an exemption from paying business and occupation taxes during its first 12 months of operation.
- Provides a new small business with less than 25 permanent, full-time employees an exemption from paying B&O taxes during its first 24 months of operations and a reduced B&O tax liability for an additional three years.
From the House Bill Analysis 2007 (HB 1516), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedJan 22, 2007
- Out of committeestopped here
- Passed House
- Passed Senate
- Governor
- Law
- Prime sponsor
- Dan Roach (R-31)
- Introduced
- January 22, 2007 in the House
- Last action
- January 14, 2008
- Budget
- Has a fiscal note
AN ACT Relating to business and occupation tax exemptions for new businesses;
Sponsors
Prime sponsor: Dan Roach (R-31)
13 co-sponsors (4 Democrats, 9 Republicans)
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- By resolution, reintroduced and retained in present status.
- First reading, referred to Community & Economic Development & Trade.
HB 1516 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- HB 1516 (2025–26) Insurance/affordable units
- HB 1516 (2023–24) Lunar new year
- HB 1516 (2021–22) Agricultural labor
- HB 1516 (2019–20) DFW dog training, nonlethal
- HB 1516 (2017–18) Public records internet site
- HB 1516 (2015–16) Lodging services/tax exem.
- HB 1516 (2013–14) Dental professionals
- HB 1516 (2011–12) State ferry system managemnt