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 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 MoreTexas Legislature bosses at odds over how to deliver tax relief. Is a showdown possible?
Texas Lt. Gov. Dan Patrick and House Speaker Dade Phelan both want to deliver property tax relief this legislative session, but the Legislature’s top two Republicans are divided on how to do it and might be headed for a showdown if they can’t reach a compromise.
Read MoreLt. Gov. Dan Patrick says he won’t compromise with House on Senate’s property tax cut plan
Lt. Gov. Dan Patrick says he won’t compromise with House leaders on dueling property-tax reduction plans, setting up a showdown that could spill over beyond the current legislation session, which must end Memorial Day.
Read More