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As a deal to cut Texas’ high property taxes continues to evade Republican lawmakers, Democrats in the Legislature unveiled a long-shot tax-cut proposal Thursday that targets relief to a group of ...
Jul. 12—AUSTIN — After weeks of delay, the Texas Senate on Tuesday unanimously passed two bills as part of its property tax relief plan. The move brings the state one step closer to passing ...
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Once again, a taxpayer challenged the legality of the income tax. In Pollock v. Farmers' Loan and Trust Company (1895), [2] Charles Pollock sued the corporation in which he owned stock, contending that the corporation should never have paid the income tax because the tax was unconstitutional. In this case, the tax was paid on income from land.
Among those bills, HB 1556 (Murphy) would also have allowed tax benefits for project renovations, but that bill died in the Texas House. [51] After left-wing and right-wing opposition, as well as a number of news articles and editorials in state newspapers and magazines criticizing the program, no bill extending Chapter 313 passed the Texas Senate.
The 88th Texas Legislature was a meeting of the legislative branch of the U.S. state of Texas, composed of the Texas Senate and the Texas House of Representatives. The Texas State Legislature met in its regular session in Austin, Texas , from January 10, 2023 to May 29, 2023, [ 1 ] followed by four consecutive special sessions.
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The Revenue Act of 1964 restricted the SALT deduction to state and local taxes on real property, personal property, income, general sales, and gasoline and other motor fuels. [17] Amid the 1970s energy crisis , Congress passed the Revenue Act of 1978 , which eliminated the deduction for state and local taxes on gasoline and motor vehicle fuel.