Today, the Texas Supreme Court issued its much anticipated opinion in In Re Nestle USA, Inc., Relator. Nestlé argued, among other things, that the lower franchise tax rate available to wholesalers and retailers violates the Texas Constitution’s equal and uniform taxation requirement. The Texas Supreme Court rejected Nestlé's arguments, concluding that the Legislature’s franchise tax classifications are permissible under the Texas Constitution. A copy of the court’s opinion can be found here.