Month: May 2025
Texas Senate passes bill targeting tax-funded financing structures like Austin’s Project Connect
Local government property tax rates are split into two distinct portions: one for maintenance and operations, and one for interest and sinking, or debt service on bonds used for specific projects. Operations revenue isn’t meant to repay debt, and vice versa, which Bettencourt said prompted his legislation.
Read MoreR&D Tax Credit Boost Shows Texas Is Not Resting On Low-Tax Laurels
Thanks to a flurry of legislative activity that took place in April, Tax Day could be less burdensome in the future for residents of a number of states.
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