TTARA Legislative & State Tax Meetings Will Be Combined on Wednesday, February 13 Starting at 9:00 a.m. The legislative and state tax meetings scheduled for 9:00 and 10:00 am this WednesdayFebruary 13 will be combined and begin at 9:00 am. We are doing this in recognition of the conflict with the House Ways and Means Committee which convenes…

New TTARA Research Report on the 2020-21 State Budget Now Available Online The 86th Texas Legislature is well underway and Comptroller Hegar has laid out the official revenue estimate and the House and Senate budgets have been unveiled. In our latest research report, “Fiscal Picture in Focus: The 2020-21 Snapshot Looks Very Good” we take a…

Property Tax Reform Bills Introduced This morning, Governor Abbott, Lt. Governor Patrick, House Speaker Bonnen, and Committee Chairmen Senator Paul Bettencourt and Representative Dustin Burrows held a press conference to announce the filings of identical property tax reform bills— HB 2 by Burrows and SB 2 by Bettencourt. The bills include many, but not all, of the elements…

In this Issue Speaker Bonnen Announces Committee Assignments Bills of Interest: Property Tax, School Finance, Sales Tax and Franchise Tax Upcoming TTARA Meetings Speaker Bonnen Announces House Committee Assignments The Ways and Means Committee is particularly important to TTARA as it oversees all state and local tax legislation. Dustin Burrows (R – Lubbock) is the…

State Comptroller Glenn Hegar today presented lawmakers with his official revenue forecast for the 2020-21 Biennium. Though there are many ways the numbers may be calculated, lawmakers should have roughly $6 billion in new revenue to write the next state budget after paying off bills from 2019. That’s a little better than many expected—perhaps enough…