Elimination of Franchise Tax, Business Personal Property Tax Considered in House Committee
Two tax bills watched closely by businesses were heard in the Texas House Ways & Means Committee on Monday — one that would eliminate the franchise tax, and another to exempt tangible personal property from ad valorem taxation.
Read MoreProperty taxes, school financing and the games people play
I had a fervent chuckle when Lt. Gov. Dan Patrick recently declared he couldn’t compromise with Texas House Speaker Dade Phelan on how to best overhaul property tax legislation because “I do not negotiate on bad math.” Really? The last time Patrick displayed his math chops was during the 2020 presidential vote count. He missed the…
Read MoreTexans, you may get another sales tax holiday with one major tweak
Cutting sales taxes hasn’t grabbed the attention of Texas legislators looking at a record state surplus. But there are a couple of small consolation prizes in the works for consumers.
Read MoreTexas House advances $17B property tax relief plan, at odds with Senate. Showdown awaits.
Dueling property tax relief proposals are nearing a collision in the Texas Legislature after the House on Thursday ignored a warning from Lt. Gov. Dan Patrick and approved its plan for how the state should deliver savings.
Read MoreProposed Texas sales tax cut dies in Legislature despite support from Gov. Abbott
A plan to cut the state sales tax in Texas appears to be dead despite support from Gov. Greg Abbott and early bipartisan momentum that has faded as the Legislature heads into the final six weeks of the regular session.
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