No one is blinking and so the Texas legislature is locked not passing a property tx cut and literally not processing anything else until the House returns
"This bill will give homeowners an approximately 41% cut in their school taxes. It will give businesses the biggest tax cut they've ever had." Lt Governor Dan Patrick offering an $18 billion property tax relief proposal to both Governor Greg Abbott and the Texas House.Lt. Governor Dan Patrick offering an $18 billion property tax relief proposal to both Governor Greg Abbott and the Texas house.
While the Senate plan retains a permanent and whopping 60% increase in the homestead exemption up from $40,000 to $100 k - the senate sweetened the deal with an additional $400 million dollars to drive down tax bills for all property owners including those with corporate and commercial holdings. In addition - the senate proposed to abolish the franchise tax for 67,000 small businesses and limit future local tax increases to 1.75 % per year unless voters deliver their approval for more." This is the right thing for Texans and at the end of the day people need to stop feeling like they are renting their homes from the state.
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