Governor Abbott Statement On Texas House Passing Substantial Property Tax Cuts
With time running out, Texas lawmakers still haven’t settled on a property tax relief plan
This session, there has been a tug-of-war going on between Republican leaders in the Texas House and the Texas Senate over how to lower property taxes.
Read MoreWhy tax policy experts fear the Texas House plan to lower property taxes could have dire ripple effects
Both the House and the Senate’s proposals on property tax cuts would give modest savings to the typical Texas homeowner, but critics say the House plan could create vast inequities and disproportionately benefit wealthy homeowners.
Read MoreHow to cut Texans’ taxes by more than $11B unleashes GOP dogfight in Austin
Senate and House leaders are fighting passionately over a huge priority for Texas Republicans this year — how to cut taxes for homeowners.
Read MoreElimination 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.
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