Jay Dean, Texas State Representative of 7th district | https://www.jaydeanfortexas.com/
Jay Dean, Texas State Representative of 7th district | https://www.jaydeanfortexas.com/
More specifically, the official text was summarized by the state legislature as ’’Relating to the minimum revenue calculation subject to the Texas Franchise Tax’’.
The following is our breakdown, based on the actual bill text, and may include interpretation to clarify its provisions.
This bill amends the Texas Tax Code concerning the franchise tax rates and calculations. It establishes a rate of 0.75% of taxable margin, generally, and reduces the rate to 0.375% for entities engaged primarily in retail or wholesale trade. To qualify as primarily engaged in such trade, over half the revenue must come from those activities, with less than 50% of that revenue from selling self-produced products, unless specified otherwise, and they must not provide specified utilities. Entities with a tax computation under $1,000 or total revenue up to $3 million annually are exempt from the tax. The act, which is effective Jan. 1, 2026, does not affect liabilities before this date.
Jay Dean, chair of the House Committee on Insurance and member of the House Committee on Energy Resources, proposed another 13 bills during the 89(R) legislative session.
Dean graduated from Louisiana State University in 1975 with a BA.
Jay Dean is currently serving in the Texas State House, representing the state's 7th House district. He replaced previous state representative David Simpson in 2017.
Bills in Texas go through a multi-step legislative process, including committee review, debates, and votes in both chambers before reaching a final decision. Each session, there are typically thousands of bills introduced, but only a portion successfully navigate the process to become law.
You can read more about the bills and other measures here.
| Bill Number | Date Introduced | Short Description |
|---|---|---|
| HB 5410 | 04/07/2025 | Relating to responsibility in tort for the treatment of fluid oil and gas waste for beneficial use |
| HB 5198 | 04/07/2025 | Relating to a study of title insurance rates in Texas and other states |
| HB 5173 | 04/07/2025 | Relating to annual statistical reports for and the adoption of title insurance premium rates |
| HB 4569 | 04/03/2025 | Relating to an appraisal procedure for disputed losses under personal automobile insurance policies |
| HB 4433 | 04/02/2025 | Relating to the requirements for obtaining an interbasin water transfer permit |
| HB 2529 | 03/31/2025 | Relating to the annual state salary supplement for certain county judges |
| HB 4009 | 03/27/2025 | Relating to employer health benefit plans that do not include state-mandated health benefits |
| HB 3213 | 03/20/2025 | Relating to excavation for the installation of buried fiber-optic cable |
| HB 3212 | 03/20/2025 | Relating to providing for a reduction of the appraised value of a residence homestead for ad valorem tax purposes for the first tax year in which the owner qualifies the property for a residence homestead exemption based on the amount by which the limitation on increases in the appraised value of a residence homestead reduced the appraised value of the owner's former residence homestead for the last tax year in which the owner qualified the former residence homestead for a residence homestead exemption |
| HB 3207 | 03/20/2025 | Relating to the prosecution and punishment of the offense of intoxication assault; increasing a criminal penalty |
| HB 2959 | 03/20/2025 | Relating to the designation of a portion of Farm-to-Market Road 2275 in Gregg County as the Bill Stoudt Parkway |
| HB 1940 | 03/14/2025 | Relating to the clarification of the authority of an appraisal office to approve and implement a plan providing for the reappraisal of property in the appraisal district less frequently than annually |
| HB 1925 | 03/14/2025 | Relating to tuition and fee exemptions at public institutions of higher education for certain peace officers |
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