The practical problem with the Kelo decision was not so much what it said, but the problems with Texas eminent domain law that it exposed. This testimony examines four key areas that need to be addressed in HB 2006 and HB 3057.
Taxes & Spending
An Overview of the Business Franchise Tax: 2023 – 2027
Texas’s business franchise tax is costly, complicated, and time-consuming to observe. Its negative and distortionary effects should motivate policymakers to eliminate it entirely. Key points: Because of the substantial costs, large and small business owners can often spend more on compliance than on paying the franchise tax itself. Phasing out or repealing the tax altogether...
June 25, 2026