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First on the list is property tax reform to close a loophole in current law enabling local jurisdictions to jack up property taxes. “I want at least $10 billion in new property tax relief ...
The Texas constitution would prohibit taxing a person or family’s net worth, including implementing a tax based on the difference between someone’s assents and their liabilities. For: 67.9% ...
The Texas Tax Reform Commission (TTRC) was created by Texas Governor Rick Perry in 2005 to modernize the state tax system and provide long-term property tax relief as well as sound financing for public schools. Upon the Commission's creation, Governor Perry requested that the "ultimate recommendations on reforming the state tax structure focus ...
In November 2023, Proposition 2 passed with almost 65% of the vote, giving local governments the option to provide property tax exemptions to qualifying child care centers. The Fort Worth City ...
Senate Bill 2 tackles property tax issues, and House Bill 3 directly deals with school finance reform. House Bill 3 raised the amount per student each district is allotted from $5,140 to $6,030, and also reduces school property tax rates by about four percent per $100 in property value. [2] House Bill 1 is the overall budget for Texas.
The Tax Relief for American Families and Workers Act is a $78 billion package that would expand the Child Tax Credit (a tax benefit that provides money to parents), restore business tax breaks, increase federal funding for states to encourage the development of low-income housing, deepen economic ties between the United States and Taiwan and end a pandemic-era employer tax benefit.
The rule creates a methane tax and targets the U.S. oil and natural gas industry. Texas produces the greatest volume of petroleum and marketed natural gas and would likely be disproportionately ...
The Texas Observer (also known as the Observer) is an American magazine with a liberal political outlook. [1] The Observer is published bimonthly by a 501(c)(3) [2] nonprofit organization, the Texas Democracy Foundation. It is based in Austin, Texas. [3] On March 27, 2023, it announced that it was ceasing publication. [4]