Latest news with #HouseBill2464
Yahoo
2 days ago
- Business
- Yahoo
Gov. Abbott signs 5 laws in favor of Texas small businesses
AUSTIN, Texas (KETK) — Texas Gov. Greg Abbott signed five bills into law on Thursday to support Texas small businesses by improving the process of starting a business and cutting regulations. Gov. Abbott deploys thousands of soldiers to manage planned immigration protests in Texas The following pieces of legislation passed during the 89th Regular Legislative Session and have been signed into law by Abbott: House Joint Resolution 1 House Bill 9 House Bill 346 House Bill 2464 House Bill 5195 The governor's office said each of these bills serve their own purpose within small business, like House Bill 5195 which requires each state agency to assess their website and online services to improve the user experience. This also includes House Bill 2464 which relates to regulation changes for home based businesses. These laws are linked with the Texas economy and Abbott's Small Business Freedom Council that is aimed at recognizing and cutting 'unnecessary' government regulations that Abbott said could hinder Texas small business operations. State Rep. Trent Ashby announces reelection campaign 'The Texas economy is better than ever before,' Abbott said. 'This session, we took strategic steps to boost small businesses in Texas. Even the smallest of barriers can increase the cost of doing business. We want to make it easier and less costly for businesses in Texas, especially our small business owners.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
3 days ago
- Business
- Yahoo
Abbott signs business-boosting bills in virtual ceremony with Houston leaders
AUSTIN (KXAN) — Gov. Greg Abbott signed legislation Thursday morning aimed at reducing costs and regulatory burdens for small businesses, including a measure that would raise the business personal property tax exemption from $2,500 to $125,000. The Republican Governor participated virtually in a ceremony hosted by the Houston Regional Business Coalition, where he touted Texas' economic performance and the state's leadership in job creation. The centerpiece legislation, House Bill 9 and House Joint Resolution 1 by Rep. Morgan Meyer, R-University Park, and Sen. Paul Bettencourt, R-Houston, would significantly increase the property tax exemption for small businesses. However, the measure requires voter approval of a constitutional amendment in November's election to take effect. Previous: Texas House and Senate strike agreement on property tax cuts Abbott also signed three other business-friendly measures: House Bill 346 by Rep. Caroline Harris Davila, R-Round Rock, streamlines business filing processes at the Secretary of State's office and makes permanent the franchise tax exemption for veteran-owned businesses. House Bill 2464 by Rep. Cole Hefner, R-Mount Pleasant, prevents cities from enforcing certain regulations on qualified home-based businesses. House Bill 5195 by Rep. Giovanni Capriglione, R-Southlake, requires state agencies to improve their websites for better business access. The legislation aligns with Abbott's broader small business agenda. In December, the governor launched the Texas Small Business Freedom Council, directing state agencies to identify rules, permits, fees and regulations that may hamper small business formation and growth. 'These efforts will ensure that Texas continues to move at the speed of business,' Abbott said during the virtual ceremony. Abbott highlighted Texas' economic achievements, noting the state's gross domestic product has reached nearly $2.7 trillion annually. He said Texas leads the nation in power generation and exports. The Governor praised Houston's role in the state's economic success, citing the city's research universities, nearly one million small businesses and major port operations. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
