At a recent meeting in Austin, TX, TRSA kicked off an effort to help Texas laundry operators reduce their tax bills by helping to enact legislation that could enable commercial laundries to qualify for the Texas Franchise Tax. Currently limited to “retail” businesses, those companies that qualify for the franchise rate pay a marginal rate of .375 vs. .75 for those businesses that don’t get the franchise rate, a considerable savings.
 
Some 22 Texas laundry executives, mostly independent operators, met with TRSA Vice President of Government Relations Kevin Schwalb at the Driskill Hotel in downtown Austin on ...