New R&D Tax Credit for Texas

Thursday, June 20, 2013 - 08:52

Businesses involved in research and development activities in Texas may see their tax bills getting a bit lighter, now that Governor Rick Perry has signed the new Texas Research & Development (R&D) tax credit into law. Coupled with other recent tax changes to the franchise tax rules, this new law should provide substantial relief to Texas businesses, and could have a huge economic impact on the state.