Eliminating Taxes on Personal Property: A Sigh of Relief for Texas Businesses
FOR IMMEDIATE RELEASE April 1, 2025 Eliminating Taxes on Personal Property A Sigh of Relief for Texas Businesses AUSTIN — A research report released today by the Texas Taxpayers and Research Association (TTARA) shows that property tax exemptions for business personal property would make the Texas economy more competitive and create a fairer tax…
Read MoreTexas for Innovation announces study on R&D tax credit impact
Texas for Innovation announced that a new economic impact study indicates extending the state’s research and development (R&D) tax credit would enhance economic output, jobs, and income without burdening state or local finances. The announcement was made in a press release on March 13, 2025.
Read MoreBusiness leaders push Texas to extend expiring R&D tax credit program
State Sen. Paul Bettencourt, R-Houston, and Rep. Charlie Geren, R-Lake Worth, on March 11 filed companion legislation — Senate Bill 2206 and House Bill 4393.to extend the program.
Read MoreTexas lawmakers promise to cut property taxes. Here’s how it might look
Lawmakers are considering proposals they say could save the average homeowner hundreds of dollars in this year’s property taxes and give them more control over how much local governments can raise their tax rates.
Read MoreTexas House and Senate lawmakers have laid out their property tax cut proposals. How do they compare?
Texas lawmakers have once more vowed to provide tax relief to property owners, and the House and Senate have so far agreed to spend at least $6 billion in state funds to do so. But the two chambers have competing ideas about how to deliver the cuts.
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