Texas Legislature Passes Historic Tax Relief Package This evening the House overwhelmingly gave final approval of the tax relief package that was passed unanimously by the Senate yesterday.. The package includes SB 2 (tax rate compression, homestead exemption increase, three-year 20% “circuit breaker” on appraisal increases, ARB Board additions), SB 3 (franchise tax payment threshold),…

Update on Tax Relief Package 88th 2nd Called Special Session During a hearing held today, the House Ways and Means committee took up the proposed tax relief package, which consists of HB 2 (school tax rate compression and exemptions, appraisal limitations and administration), HB 3 (franchise tax exemption and exclusions) and HJR 2 (Constitutional amendment…

Lt. Governor Patrick and Speaker Phelan Announce Deal on Property Tax Relief Earlier this morning, Lt. Governor Dan Patrick and House Speaker Dade Phelan released a joint statement to announce their agreement on a potential $18 billion property tax relief package. The legislation is expected to be filed later today and then voted on sometime…

TTARA’s 88th Legislative Session Recap & Special Session Webcast Update Available Online (Login required to view webcast) During our latest webcast update held on June 21, 2023, the TTARA team provides a recap of the 88th Regular Legislative Session, as well as an update on the 1st Called Special Session. If you missed the webcast,…

In addition to the recording, a copy of the presentation is available to download by clicking the red PowerPoint Presentation button. Agenda Introductions 2. Broad Overview of the 88th Legislature 3. The Ongoing Saga of Tax Relief a. Comparing the Plans b. Understanding Tax Rate Compression 4. The Budget 5. Property Tax 6. Economic Development…