TTARA’s reports recapping the key tax and fiscal legislation and the school finance reforms passed by the 86 th Legislature are now available. HB 3 by Huberty: A True School Finance Overhaul , should be in your mailbox today and Wrap-Up for the 86 thLegislature: Tax and Fiscal Policy , should arrive by Monday. Digital copies of both reports, linked…

In this Issue A Quick Run-Down of Some of the Key Tax Issues of the 86th Legislative Session Don’t Forget to Register for Our Session Wrap-Up Meetings and Annual Golf Tournament A Quick Run-Down of Some of the Key Tax Issues The gavel has dropped on the 86th regular session of the legislature, bringing one…

HB 3 by Huberty et al, the comprehensive school finance bill that implements recommendations made by the Texas Commission on Public School Finance to improve our school finance system is scheduled to be voted on later today. The bill provides $4.5 billion in new funding to public school districts to improve student achievement, an additional $2…

Governor Abbott, Lt. Governor Patrick, and House Speaker Dennis Bonnen today announced that an agreement has been reached on the session’s priority bills: HB 1, the state budget; SB 2, property tax reform; and HB 3, school finance reform. As of the time of the press conference, all three bills are in document production, and…

Two Big Taxpayer Wins in the Senate HB 3143, extending Tax Code Chapter 312 to 2029, passed the Senate last night on a 30 to 1 vote. Chapter 312 allows local governments to offer tax abatements on new investment projects. The bipartisan bill was authored by Representative Jim Murphy (R-Houston) and sponsored by Senator Royce…