Governor's Message to the 56th legislature. Page: 27 of 41
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PROGRAM FOR FINANCING NEEDS 1960-61 BIENNIUM
A. From Sources Other Than New or Increased Taxes
From present Corporation Franchise Tax, after
adoption of 3 factor formula for inter-state corporations,
with no change in present tax rate. (See
Tax Study Commission Report No. 5, p. 15;
Final Report, p. C-113)
Eliminate present tax exemption on Cigarettes
Sold on Military Reservations. (Comptroller's
Estimate to Governor)
Eliminate present tax exemption on Beer sold
on Military Reservations. (Comptroller's
Estimate to Governor) 340,000
Increased collections from present taxes levied
by providing Comptroller with additional
personnel recommended in Executive Budget.
(See Executive Department Study Committee
Report, p. 11)
rncreased Revenue from fees and the elimination
of refunds as recommended in Executive Departnent
Study Committee Report, p. 12-13, and
Conservator Act. (See Executive Department
Study Committee Report, p. 32-34)
B. From Additional Taxes
-everance Beneficiary Tax on Dedicated Natural Gas,
3% of value. (This together with the present 7%
Production Tax would total less than 1/2 of
Louisianats present Production Tax rate of 2. 3
Icrease Motor Vehicle Sales Tax from present
rate of 1. 1% to 1. 8%. (This rate would be 0. 2%
less than Oklahoma and Louisiana rate and 1. 2%
less than the Arkansas rate. In most states a
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Price, Daniel. Governor's Message to the 56th legislature., book, January 21, 1959; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth5870/m1/27/: accessed June 23, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .