FASB: "Perry signed an Income Tax into law"

From the Waco Tribune:

An influential national accounting organization has ruled the new Texas business tax is an income tax for accounting practices.

The Financial Accounting Standards Board decided last week that the new levy on at least 70 percent of a company’s revenue is an income tax “because it is based on a measure of their income,” unintentionally entering the brouhaha over school finance in Texas.

The group believes that accountants, auditors and regulators would all come to the same conclusion. The board decided it was so clear that it was an income tax they did not need to study the issue further. [Emphasis mine]

Well, well, well. A group of accountants (generally, not a very free-form group) has determined that the "Franchise Tax" passed during our state's last special session and signed into law by Governor Rick Perry (who has a fantastic head of hair) is, in fact, an Income Tax. What political party does he say he represents? But more importantly, where's my $2,000 tax savings?