State sales tax would be cut under bipartisan proposal by two North Texas senators
Texas would cut its sales tax haul by 8%, starting Oct. 1, under a new proposal to cut the sales tax rate by a half cent by a bipartisan duo of North Texas state senators. The plan by Dallas Democrat Royce West and Edgewood Republican Bob Hall signals a desire to broaden tax-cut discussions in…
Read MoreFort Worth signs to push for new incentives to recruit companies in Texas
Affected by Texas’ multi-billion dollar job losses to other states, nearly 180 top manufacturers, business leaders and economic development leaders across the state are issuing a unified appeal to the Texas Legislature to adopt new state incentives to “bring long-term jobs and income to Texas communities.
Read MoreIs Texas a tax haven? Not for businesses that pay higher taxes here than in other states
High property-tax rates can discourage large expansion projects, such as Texas Instruments’ chipmaking plant in Richardson. Many business leaders are pushing to replace a major tax-abatement program that expired at the end of 2022.
Read MoreMega surplus gives Texas lawmakers golden opportunity to fix some ills — but will they?
Texas lawmakers have a stunning — some say unprecedented — opportunity to improve state residents’ well-being and educational attainment by tapping some of the nearly $70 billion that’s available this year for new initiatives.
Read MoreMany Texans want appraisal caps for property tax relief. Here’s why they won’t fly in Austin.
Though some Texas counties saw single-family home values rise 20 percent or more on average in 2022 (in Harris County, it was 21 percent; in Bexar County it was a whopping 28 percent), the experts see appraisal caps as a stopgap that ultimately won’t drive tax bills down.
Read More