Governor Lee’s Franchise Reform Proposal Approved

The Senate Finance, Ways & Means Committee has approved Gov. Bill Lee’s franchise reform proposal and it will now be debated in the House of Representatives next week. It is crucial for businesses using the franchise calculation for the F&E tax to contact their senators and representatives. NFIB has provided a one-pager to explain the proposal for tax relief and greater tax certainty, with tax experts working to ensure small businesses are not adversely affected by the legislation. $1.5 billion in tax refunds and $400 million in annual savings for qualifying businesses are at stake, making it imperative to act now. Remember to access the Action Alert email to contact your elected officials promptly.

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