Has the franchise tax failed?

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.

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