AUSTIN — If social media is where history is written real time, the Twitter feeds of Texas’ top Republicans offer striking insights into how tax policy has...
of a property tax policy proposed by an influential Austin conservative think tank, the Texas Public Policy Foundation.
Within an hour, Patrick said that the property tax cut idea, which would eliminate Patrick’s coveted increase to the homestead exemption, was a no-go in the Senate. “This is not acceptable to the Senate,” he said.will only put compression on the special session call for tax relief and remove the $100K homestead exemption. Homeowners would lose nearly $700 a year under that plan. This is not acceptable to the Senate.
Within two hours, Abbott called a special session with a focus on decreasing property taxes. Abbott’s demand was that legislators “solely” focus on his plan to buy down school taxes with the surplus. On Tuesday, the Senate passed its plan again. The House abandoned its appraisal cap proposal, unanimously passed Abbott’s plan and left town. Abbott released a statement that said the Senate’s plan, including the $100,000 homestead exemptions, was not proper under his session orders.
“The Texas House is the only chamber that passed a property tax cut bill that is germane to the special session that I called to provide Texas with property tax relief,” he said.It provides more property tax cuts than any other proposal at this time.I look forward to signing it when it reaches my desk.
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