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Summary: HB 2451 would allow businesses that provide agricultural aircraft operation services to exclude from its total revenue the cost of labor, equipment, fuel, and materials used in providing those services. This would decrease the Franchise Tax burden of businesses operating in this service industry, allowing them to keep more revenue and be more competitive.
Analysis: Although HB 2451 provides only a narrow tax exemption to this one industry, it does limit the amount of revenue the government can take from private business, which promotes limited government. This bill also allows agricultural aircraft operation service businesses to keep more revenue, which promotes their property rights and keeps more money in the private sector. Vote “yes,” on HB 2451.