Today, Texas House Speaker Dade Phelan announced House committee assignments for the 88th legislature. The Ways and Means Committee is particularly important to TTARA as it oversees all state and local tax legislation. Morgan Meyer (R–Highland Park) returns as chair of the Ways and Means Committee, as well as Shawn Thierry (D–Houston) as Vice-Chair. Seniority…

TTARA Releases Budget Assessment With the introduction of the House and Senate general appropriations acts, Senate Bill 1 and House Bill 1, and the previous release of Comptroller Hegar’s biennial revenue estimate, the money situation for the 88th Legislature has become clear and lawmakers are sitting on a record mountain of money, as detailed in…

The lack of a personal income tax makes Texas an attractive place to live and do business for many reasons. It saves the average family of three close to $4,000 a year. Owners of Small businesses can reinvest their individual tax savings and help their businesses grow. For larger businesses, Texas is an attractive headquarters…

In this issue Effort to Advance School Property Tax Incentives Shifts Reminder: 2023 TTARA Legislative Session Meeting Schedule & Webcast Dates Effort to Advance School Property Tax Incentives Shifts With the expiration of Chapter 313 of the Tax Code this past week, Texas no longer has the ability to offer any type of tax abatement…

With the authority of school districts to offer temporary incentives on certain new investments coming to an end later this month (Tax Code Chapter 313), the Comptroller has processed a record of approximately 300 applications in 2022. Unfortunately, roughly 100 other applicants have been or are being notified that the agency will be unable to…