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Chad Khan, candidate for State Representative in District 126, will be hosting a seminar on August 24 at 6pm on the effects of House Bill 3, which will have significant effects on the tax bill due by small business throughout Texas. Joining Chad, and discussing in more detail, will be Paul Colbert. Colbert is a finance consultant and former State Representative from Houston.
HB3 is one of the most drastic changes in Texas tax law and has recently been certified as an income tax by the Financial Accounting Standards Board. It serves as a 1% tax on at least 70% of a company's revenue and begins to take effect in 2007. The purpose of this seminar is to educate business owners about the effects of this law and how to begin planning ahead.
The event is free and will be held at Houston's Ballroom, located at 14880 Bammel North Houston Rd. To RSVP, call 281-377-4705 or email ckhan@vote4khan.com