March 3, 2017   In this issue:   85th Legislative Session Update: Franchise Tax, Property Tax and School Finance TEA Issues Revised List of Properties for Houston ISD Detachment Proposed Sales Tax Rules TTARA Upcoming Meetings (Legislative & Tax Committees, Webcast, Luncheons, etc.) 85th Legislative Session Update: Franchise Tax, Property Tax and School Finance Property…

Revised Schedule for TTARA Legislative and Tax Committee Meetings Due to a conflict with the House Ways and Means Committee hearing schedule, we have revised our legislative and tax committee meeting schedule for the 85th legislative session. Starting in April, meetings will be on Tuesdays instead of Wednesdays, except for the June 14 legislative wrap-up….

New TTARA Report Takes the Mystery Out of the Texas Property Tax System Today we are proud to release TTARA’s latest research report on what can be the most mysterious tax many Texans pay – the property tax. In the research report – The Property Tax in Texas – TTARA aims to shed light on…

Houston ISD Board of Trustees Approved May 6 Re-Vote on Recapture Last night the Houston ISD Board of Trustees approved 5-3-1 putting the authorization to pay recapture on the May 6, 2017 ballot. Judging by the testimony at the school board meeting and the vehement objections by some of the Board members, it won’t be…

February 6, 2017 Houston ISD School Board Will Vote to Put Recapture Authorization on May 6 Ballot We notified you last week that the Commissioner of Education has issued a directive that he will deduct 50% of local optional homestead value when calculating recapture payments from property wealthy school districts. Because that directive lowers the…