TTARA Legislative Update – April 11, 2025 As we continue to navigate the legislative session, we want to keep you informed about the latest updates and upcoming hearings. Please note that not all committees have posted their hearing agendas for next week as of this email. Below, you’ll find a summary of the key legislative…

Research & Development (R&D) Bill Set for Hearing The Senate Finance committee has set SB 2206 by Bettencourt for hearing on Wednesday, April 9 at 9:00 a.m. SB 2206 extends and reforms the current R&D Franchise tax credit. Removes the sales tax exemption for R&D and allows for a refundable credit for entities not filing franchise tax. A one-pager…

New TTARA Research Report: Eliminating Taxes on Personal Property We are pleased to announce the release of our latest research report, “Eliminating Taxes on Personal Property: A Sigh of Relief for Texas Businesses” which is available here. The report provides an in-depth analysis of the impact of business personal property (BPP) taxes on Texas businesses and explores the…

Exempting BPP would also reduce the cost to government and taxpayers associated with administering the property tax. The valuation of BPP by appraisal districts each year requires a substantial amount of resources, and those costs are ultimately born by the taxpayers served by the appraisal district.

Call for Feedback on HB 9 Inventory Exemption The committee reports have been distributed and we anticipate that HB 9, regarding the $250,000 inventory exemption, will be on the House floor soon. If you were unable to participate in the monthly property tax meeting earlier this week or you have additional comments and feedback on…