The Texas Association of Business named State Representative Ken Paxton "Champion of Free Enterprise" for his positive voting record last legislative session. This award is the Association's highest legislative distinction and further demonstrates Rep. Ken Paxton's commitment to strengthening our State's business climate to keep the economy growing in Texas.
As a small business owner, Rep. Ken Paxton understands that fiscally responsible public policy leads to a prosperous business climate that benefits all Texans.
"Given the downturn in the economy, my goal last legislative session was for us to maintain our business-friendly climate in order to encourage business and job growth while also keeping taxes low for Texas families," explained State Representative Ken Paxton. "This past session, we reduced the tax burden on small businesses, reformed our appraisal system, and passed a reasonable state budget to help accomplish this goal."
Representative Ken Paxton joint-authored House Bill 4765 last legislative session to provide tax relief to small business owners by raising the small business tax exemption from $300,000 to $1,000,000. Approximately 230,000 additional businesses will now qualify to be exempt from paying the margins tax. Decreasing the tax burden on small businesses allows for continued growth and expansion of Texas businesses during this strenuous economic climate.
"I have continuously been a strong opponent of the new margins tax that was passed in 2006," said Representative Paxton. "The effects of the new margins tax hit Texas' small business owners the hardest. Fortunately this session, we passed legislation to deliver much needed tax relief to the small businesses that continue to provide a healthy economic environment in our state."
Pol. Adv paid for by Ken Paxton Campaign, 5613 S. Woodcreek Circle, McKinney, Texas 75071
As a small business owner, Rep. Ken Paxton understands that fiscally responsible public policy leads to a prosperous business climate that benefits all Texans.
"Given the downturn in the economy, my goal last legislative session was for us to maintain our business-friendly climate in order to encourage business and job growth while also keeping taxes low for Texas families," explained State Representative Ken Paxton. "This past session, we reduced the tax burden on small businesses, reformed our appraisal system, and passed a reasonable state budget to help accomplish this goal."
Representative Ken Paxton joint-authored House Bill 4765 last legislative session to provide tax relief to small business owners by raising the small business tax exemption from $300,000 to $1,000,000. Approximately 230,000 additional businesses will now qualify to be exempt from paying the margins tax. Decreasing the tax burden on small businesses allows for continued growth and expansion of Texas businesses during this strenuous economic climate.
"I have continuously been a strong opponent of the new margins tax that was passed in 2006," said Representative Paxton. "The effects of the new margins tax hit Texas' small business owners the hardest. Fortunately this session, we passed legislation to deliver much needed tax relief to the small businesses that continue to provide a healthy economic environment in our state."
Pol. Adv paid for by Ken Paxton Campaign, 5613 S. Woodcreek Circle, McKinney, Texas 75071
