“Texas Works at the Speed of Business”: Signing Ceremony Held for Pro-Business Bills (The Texas Voice)
What happened: Gov. Greg Abbott last week signed into law three significant pieces of legislation that Abbott’s office says will “boost Texas’ capital market environment and cement Texas as the Best State for Business.” Read more
What happened: Gov. Greg Abbott last week signed into law three significant pieces of legislation that Abbott’s office says will “boost Texas’ capital market environment and cement Texas as the Best State for Business.” Read more
Tell me more:
Senate Bill 29 protects sound business decisions from judicial overreach, giving corporate leaders more confidence to incorporate in Texas.
Senate Bill 1058 exempts certain payments made to a Texas-based stock exchange from the stock exchange’s state franchise tax calculations.
House Joint Resolution 4 includes an amendment to the Texas Constitution that will ban the imposition of an occupation tax on a Texas stock exchange and taxes on securities exchanges conducted by a Texas stock exchange.
In his own words: “Texas is the reigning and undisputed champion for doing business in the United States of America.” — Gov. Greg Abbott
TLR Thoughts: The establishment of the Texas Business Court in September 2024, the launch of NYSE Texas in March 2025, the impending launch of the Texas Stock Exchange at the end of 2025 and Nasdaq’s expansion into Dallas are major victories reinforcing Texas’s reputation as the greatest state in the nation to live, work and innovate. TLR applauds the Texas Legislature for taking swift action this session to position Texas as the nation’s preeminent business hub. TLR-backed SB 29 and HB 40 – which has passed the House and awaits Senate passage – together position Texas as a major challenger to the decades-long dominance of Delaware’s business courts, and will help keep the Lone Star State an economic powerhouse.
What happened: Business leaders across Texas are calling on lawmakers to pass Senate Bill (SB) 30, common-sense legislation that will shed light on improper lawyer-provider coordination and arm juries with market-based evidence about the true value of medical services. SB 30 has passed the Senate and was today voted favorably out of the House Judiciary & Civil Jurisprudence Committee. The bill now awaits consideration by the full House. Read more
Tell me more: The meaningful reforms in SB 30 will help curb meritless lawsuits and prevent unjustified damage awards. By uniformly providing relevant information to juries, fairer trials will be held in courtrooms across Texas, alleviating the vehicle insurance crisis that confronts every business in Texas, from the smallest to the largest.
Worth noting: SB 30 is one part of a two-step solution that will help restore balance to Texas’s courts – while ensuring that injured parties receive fair compensation. The other crucial step: SB 29, which has been signed into law by Governor Abbott, and which serves as a complement to Texas’s new specialized Business Court system by enhancing Texas’s corporate governance laws.
TLR Thoughts: Texas has worked hard to earn its reputation as a beacon for business—but that competitive edge is at risk. SB 29 and SB 30 together will help keep Texas’s economy from being derailed by an out-of-control litigation system while maintaining appropriate remedies for those truly harmed by others’ negligence. These reforms will give businesses the predictability they need to grow and create jobs.
COPYRIGHT © 2025· TEXANS FOR LAWSUIT REFORM. ALL RIGHTS RESERVED. | PRIVACY POLICY | TERMS & CONDITIONS