Last week’s release of the 2015 Tax Exemption and Tax Incidence report by the Comptroller’s office is great reminder that Texas tax system is in dire need of a little spring-cleaning.
The price of oil, which was over $100 per barrel last summer, has lately been selling at half that amount. Drilling new wells has slowed down, so we’re left to
Senator Rodney Ellis proposed new legislation Tuesday to close a state loophole that allows commercial property owners to skirt their responsibility and significantly reduce their property tax bills below the
This week is a tipping point for the 84th Texas Legislature. Lawmakers will weigh some game-changing bills that would affect our state’s ability to invest in our future. Budget and
This week we’ve looked at a number of tax policy proposals coming out of the Senate, including those that are part of the $4.6 billion tax cut package announced by
On Tuesday, Senators Jane Nelson and Charles Schwertner drew much attention when they announced several major tax cut proposals, including a homestead exemption increase. As part of our week-long series
UPDATE: Senator Robert Nichols (R – Jacksonville) announced a change to the proposal. The new proposal, which requires a constitutional amendment, would dedicate 50 percent of the revenue from the
UPDATE: Senator Charles Schwertner (R – Georgetown) filed SB 7 , which calls for a reduction in the franchise tax rate, and SB 8, which increases the amount of revenue exempted
Imagine looking at your paycheck and knowing it’s not enough money to pay the rent on time or buy groceries for your family. Unfortunately, too many hard-working Texans face this
Today the Senate Finance Committee heard testimony on the importance of investing in public education. When District Court Judge John Dietz found Texas’ school finance system to be unconstitutional last year,