Bill
SB 1058
Relating to the exclusion of certain securities transaction payments from the total revenue of a taxable entity that is a registered securities market operator.
89th Legislature (2025)
Introduced by César Blanco and 4 co-sponsors
Texas law now excludes pass-through securities transaction payments from taxable revenue for registered market operators, reducing their franchise tax obligations effective January 1, 2026.
Effective on 1/1/26