Texas: Governor Abbott Signs Pro-Growth Business Legislation Into Law
Txylo.com/10309641
Trending...
- Last Call - Submit Your Proposal for the 2025 OpenSSL Conference in Prague
- Anern Shines at SOLAR AFRICA Kenya with Solar Lithium Battery Storage Technology
- Experience Trembling Firsthand with the New AgeMan® Tremor Simulator
~ Governor Greg Abbott solidified Texas' reputation as the Best State for Business today by signing three critical pieces of pro-growth, business-friendly legislation into law. The bill signing ceremony, held at the Texas Capitol, marked the passage of Senate Bill 29, Senate Bill 1058, and House Joint Resolution 4 during the 89th Regular Legislative Session.
During his remarks, Governor Abbott emphasized the importance of constant innovation and improvement in order to maintain Texas' status as a national champion for doing business. He stated that these new laws will provide certainty for businesses and investors and cement Texas' position as the premier destination for economic opportunities.
Joining Governor Abbott at the ceremony were Lieutenant Governor Dan Patrick, Speaker Dustin Burrows, TXSE Group Inc. Founder, Chairman and CEO James Lee, Texas Association of Business (TAB) President and CEO Glenn Hamer, and other business and legislative leaders.
In his statement, Lieutenant Governor Patrick praised Senate Bill 29 as a crucial piece of legislation that will continue to attract new companies to Texas. He also highlighted the state's strong economy due to conservative, pro-growth policies that provide a low-regulation environment for businesses.
More on Txylo.com
Speaker Burrows echoed this sentiment by stating that these new measures will bolster Texas' business-friendly reputation and bring even more prosperity to its citizens. He thanked Governor Abbott, Lieutenant Governor Patrick, and his colleagues in the legislature for securing a promising financial future for Texans.
James Lee of TXSE Group Inc. expressed his gratitude towards state leadership and legislators for making Texas the top choice for corporate registrations and relocations. He also noted that with these new laws in place, Texas is becoming the center of gravity for American capitalism.
Glenn Hamer of TAB called this event a "trifecta" that will keep Texas as the best state in the nation for jobs and investments. He also highlighted how proud Texans should be to have more finance jobs than the state of New York.
The three laws signed by Governor Abbott include Senate Bill 29, which codifies the business judgment rule and reforms derivative claims processes. It also creates a mechanism to pre-assess corporate director independence. Senate Bill 1058 creates a franchise tax exemption for stock exchanges operating in Texas for certain tax liabilities. House Joint Resolution 4 is a constitutional ban on a stock exchange transaction tax and an occupations tax.
With these new laws in place, Texas is poised to maintain its position as the Best State for Business and continue to attract investments and opportunities for its citizens. The Governor's full bill signing can be viewed online.
During his remarks, Governor Abbott emphasized the importance of constant innovation and improvement in order to maintain Texas' status as a national champion for doing business. He stated that these new laws will provide certainty for businesses and investors and cement Texas' position as the premier destination for economic opportunities.
Joining Governor Abbott at the ceremony were Lieutenant Governor Dan Patrick, Speaker Dustin Burrows, TXSE Group Inc. Founder, Chairman and CEO James Lee, Texas Association of Business (TAB) President and CEO Glenn Hamer, and other business and legislative leaders.
In his statement, Lieutenant Governor Patrick praised Senate Bill 29 as a crucial piece of legislation that will continue to attract new companies to Texas. He also highlighted the state's strong economy due to conservative, pro-growth policies that provide a low-regulation environment for businesses.
More on Txylo.com
- Sploot Vets and DeepScan Launch Exclusive Regional U.S. Partnership to Bring Breakthrough Pet DNA Test to Market
- Virtual Valor to Release Terrance Bell's "Party Outside"
- Texas: Governor Abbott Announces Over $262,900 Job Training Grant For Workforce Solutions Lower Rio Grande Valley
- As Sober.Buzz Community Explodes It's Growth Globally it is Announcing "Spreading the Good BUZZ" Podcast Hosted by Josh Case Debuting July 7th
- Certiport Names 2025 Microsoft Office Specialist U.S. National Champions
Speaker Burrows echoed this sentiment by stating that these new measures will bolster Texas' business-friendly reputation and bring even more prosperity to its citizens. He thanked Governor Abbott, Lieutenant Governor Patrick, and his colleagues in the legislature for securing a promising financial future for Texans.
James Lee of TXSE Group Inc. expressed his gratitude towards state leadership and legislators for making Texas the top choice for corporate registrations and relocations. He also noted that with these new laws in place, Texas is becoming the center of gravity for American capitalism.
Glenn Hamer of TAB called this event a "trifecta" that will keep Texas as the best state in the nation for jobs and investments. He also highlighted how proud Texans should be to have more finance jobs than the state of New York.
The three laws signed by Governor Abbott include Senate Bill 29, which codifies the business judgment rule and reforms derivative claims processes. It also creates a mechanism to pre-assess corporate director independence. Senate Bill 1058 creates a franchise tax exemption for stock exchanges operating in Texas for certain tax liabilities. House Joint Resolution 4 is a constitutional ban on a stock exchange transaction tax and an occupations tax.
With these new laws in place, Texas is poised to maintain its position as the Best State for Business and continue to attract investments and opportunities for its citizens. The Governor's full bill signing can be viewed online.
0 Comments
Latest on Txylo.com
- Texas Wins 12th Gold Shovel Award For Outstanding Job Creation, Business Investment
- RemoteIoT - Revolutionises Remote Device Management With Secure, Easy-to-Use Web-Based SSH Access
- Initial Order Received from Vietnamese Maritime Security and Defense Services for Advanced Video Compression Solution: RMX; Stock Symbol: RMXI
- AAIR Brings Awareness, Pediatric Asthma & Food Allergy Diagnosis Kits to National School Nurse Conference in Austin
- Keebos Launches New Universal Pearl Strap That Attaches to Any Phone Case
- Work 365 Launches Certified Provider Integration (CPI) Program to Help Distributors and CSPs Navigate Microsoft's Evolving Ecosystem
- Teknix: Empowering Businesses with a Next-Generation Artificial Intelligence Platform
- Blue Radius Cyber Launches Radius360
- Texas: Governor Abbott Signs Laws To Reduce Barriers For Small Businesses In Fort Worth
- Five Aster Awards! Fusion Marketing Group Brings Home Big Wins in 2025!
- Texas: Governor Abbott Announces Governor's Small Business Summit In Bastrop
- Shayla N. Atkins to Host Inaugural "Leadership Redefined" Conference in Houston on August 26, 2025
- Careington's Customer CARE Team Named Finalist in the 2025 Customer Contact Week Excellence Awards
- Governor Abbott Announces Music Friendly Texas Community Workshop In Pearland
- Move over, Napa: Top Texas winery and vineyard for sale mixes modern event venue with historic 1800s house made of limestone transported 100+ miles by covered wagon
- AI changes cryptocurrency market trading, TWL Miner launches new 1-day contract, giving away over $1 million
- A Global First: NaturismRE™ Launches the Global Urgency Index
- 14th CryptoSuper500 Report Releases: Bitcoin's Evolution into a Global Supercomputer
- Ross Toohey named Managing Director in Chesterfield, Missouri
- High Profile Gateway Race Events With Strong Brand Exposure Plus Sponsorship in Female Motorsports; $100 Million Financing Unlocked: Lottery.com