Rep. Bill Keffer on HB 3 & HB 2

[The following was sent out Tuesday by Rep. Bill Keffer (R-Dallas), TX-HD-107 as an update on HBs 2 & 3. You may view Rep. Keffer's related floor speech here (.wmv). "Schedule B" as discussed below is here (.html)].
Dear Friend of District 107 -

As the debate in Austin continues during the Special Session, I want to provide you with two pieces of information to help you understand what’s at stake. As you know, HB 3 (which creates a new business tax) was passed by the House and the Senate and is now awaiting the Governor’s signature. I am attaching the new “Schedule B” that every business would have to complete to calculate its tax liability under this new tax. I encourage you to complete it for your business and distribute to others; only then will you know what the tax will really mean for you. I also am attaching my speech on the House floor in opposition to HB 3, which I think summarizes my concerns with this proposal. Since the Senate has not acted on HB 1 (using $2.3 billion of the surplus to reduce property-tax rates) and HB 2 (the dedication of revenue to reduce property-tax rates), it remains to be seen what will finally happen. It’s never too late to let your voice be heard.

For Texas,

Bill