Yesterday the Business Tax Advisory panel released its report on the franchise tax and the impact it has – or hasn't – had on the state's bottom line.
Surprising no one, the news is not good: the franchise tax has come up about $2.5 billion short of its projections.
Will our new, even stronger Republican-majority legislature have the stomach to reconsider the franchise tax?
We're about to find out.
Pre-filing of legislation begins this coming Monday the 8th.