Back in February we reported the filing of a Senate bill to repeal the $200 professional fee (commonly referred to as the professional head tax). All professionals, including CPAs, pay the annual $200 tax along with a license fee to retain their professional license. Since then SB 765 was heard before the Senate Finance Committee. All members of the committee seemed in favor of the bill, but the bill remains pending in that committee. Meanwhile an identical House bill, HB 2089, has been filed, heard before the House Licensing and Administrative Procedures Committee and has been approved by that committee. That bill now is in the Calendars Committee awaiting House floor debate scheduling.
Rep. Darby (R-San Angelo), author of HB 2089 also included the provisions of that bill in HB 7, a bill that deals with designated funds. HB 7 has been approved by the House Appropriations Committee and is also in Calendars. HB 7 will pass the House, but that is not the end of the story. HB 7’s final contents will be determined by a House/Senate conference committee. As Darby told the Appropriations Committee, HB 7 is a work in progress. Stay tuned for more developments.