The tax relief package includes three measures: Senate Bill 2, SB 3 and House Joint Resolution 2. If all three bills are signed into law, voters will have the opportunity to approve the tax cuts in November.

After months of delay, a plan to cut your property taxes is on the fast-track. On Wednesday, the Texas Senate passed a key portion of an $18 billion package that would help both homeowners and businesses.

Texas Republican leaders on Monday ended months of gridlock over how to distribute roughly $18 billion in property tax relief over the next two years, striking a deal that resolved a key sticking point: how to distribute the savings between businesses and homeowners.

The package could land on Gov. Greg Abbott’s desk by the end of the week. Voters must pass the plan in a constitutional election in November for it to take effect in the 2023 tax year.

In the middle of a second special legislative session focused solely on property tax relief, lawmakers reached a deal.