News Summary
The recent Texas Legislative Session has ended, marking significant advancements for small businesses. New laws include an increase in property tax exemption, a Texas Regulatory Efficiency Office, and expanded occupational licensing. These changes are set to relieve financial burdens and foster a more supportive environment for small business growth. While some critical issues remain unaddressed, the legislative victories demonstrate strong advocacy and engagement within the small business community. Texas continues to solidify its reputation as a favorable place for entrepreneurship.
Austin, Texas – The 2025 Legislative Session concluded on June 2, having lasted for 140 days and addressing critical issues affecting small businesses across the state. The National Federation of Independent Business (NFIB) tracked over 200 pieces of legislation, resulting in significant victories for the small business community amid the defeat of numerous unfavorable bills.
One of the major legislative achievements was the passing of House Bill 9, which increased the business personal property tax exemption from $2,500 to $125,000. This new exemption applies to all items utilized in business, such as inventory, furniture, machinery, and supplies, irrespective of whether the business is profitable. The impact of this legislation is expected to be profound, with the proposal slated for the November ballot projected to generate $500 million in annual tax savings if approved by voters.
In addition to tax relief measures, the session saw the establishment of the Texas Regulatory Efficiency Office through Senate Bill 14, aimed at reducing administrative burdens on small businesses. Furthermore, House Bill 5195 was enacted, modernizing state agency systems to improve online access to services for entrepreneurial endeavors.
Occupational licensing also received attention with the passage of House Bill 11, which expands reciprocity for out-of-state workers, facilitating a smoother process for professionals moving to Texas. On the health insurance front, House Bill 138 was introduced to promote transparency regarding the cost impact of legislative actions on private health coverage.
To bolster cybersecurity measures for small businesses, Senate Bill 2610 was approved, establishing a Cybersecurity Safe Harbor. This legislation protects businesses from particular legal damages in cases of data breaches if they have implemented a cybersecurity program.
Despite these successes, the legislative session did not come without its setbacks. Some important proposed measures, such as those targeting credit card swipe fees and lawsuit abuses, were not passed. NFIB representatives indicated a commitment to continue advocating for solutions to these challenges in the next legislative session.
The NFIB also hosted a successful Small Business Day during the session, gathering over 100 small business owners and sponsors to emphasize the importance of active engagement among entrepreneurs in the legislative process. House Speaker Dustin Burrows, who is a member of the NFIB, reinforced this sentiment, highlighting the vital role that small business owners play in shaping policies that directly affect their livelihood.
The advocacy work done by NFIB during the session has resulted in more than just legislation. It has raised the profile of small businesses in Texas, showcased their contributions to the economy, and amplified their voices in conversations with lawmakers.
Going forward, NFIB aims to continue addressing remaining challenges for small businesses, especially issues regarding credit card fees and the legal environment around lawsuits. With the session now closed, the organization expresses gratitude to its members for their active participation, which played a crucial role in influencing legislative outcomes.
In summary, the conclusion of the 2025 Texas Legislative Session marks a significant step forward for small businesses, delivering substantial tax relief, reducing regulatory burdens, and enhancing the overall business climate in the state.
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