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Texas · 86

SB 412

Relating to a franchise tax credit based on the ad valorem taxes paid by a taxable entity on certain inventory.

Bill record: Open States bulk CSV (bills/votes) CC0-1.0

Summary AI-generated

Texas Senate Bill 412 relates to establishing a franchise tax credit for taxable entities. This credit is based on the ad valorem taxes paid by the entity on certain inventory.

Software-generated, grounded only in the bill's own fields (it does not invent outcomes, amounts, or dates). Provenance: Open States bulk CSV (bills/votes) CC0-1.0 GovTally LLM enrichment (local oMLX)

Issue tags AI-classified

Economy & Taxes 95% Government Operations & Budget 60%

Classified by a local model from the bill's text; confidence shown. GovTally LLM enrichment (local oMLX)

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