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Author: egblogger Created: 1/13/2011 8:17 AM RssIcon
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By eg blogger on 4/17/2011 6:51 AM

The House Ways and Means Committee discussed four bills last Monday that all effectively extended the franchise tax exemption sunset deadline back.  Currently, if no bill is passed in this legislative session, the franchise tax limit will automatically reduce from $1,000,000 to $600,000 in September, effectively creating new taxes an estimated 28,000 businesses.

By eg blogger on 4/17/2011 6:33 AM

Some homeowners in Austin have recently filed a lawsuit against the City of Austin and its council member calling into question the tax abatement decisions for certain historic properties.  The tax exemption is created to allow the city to provide an incentive for owners of these historic properties to preserve the historic buildings.  Homeowners, however, are not buying this need for the exemption and are calling the decisions to provide these exemption arbitrary.

By eg blogger on 4/16/2011 9:19 AM

California lawmakers were in Austin yesterday trying to determine why jobs and companies were fleeing out of California while Texas saw an increase.  Under the research, California generally has a lower tax burden than Texas, one of the biggest draws Texas claims to have over the California market.  According to some research, however, this may not be an accurate representation.

By eg blogger on 3/30/2011 3:46 PM

Starting with the first on March 7, Representative Thompson filed three different bills allowing for gambling in Texas.  Two others have also filed resolutions in the Legislature advocating the legalization of gambling.  These resolutions have been introduced to provide additional funds for property tax relief and to increase financial aid to higher education students.  The bills are still far off and are uncertain whether they will pass this session.  However, since approval requires a Constitutional amendment, ultimately the Texas voters will be required to approve the amendment even if approved by both the Senate and the House.

By eg blogger on 3/24/2011 4:24 PM

Two bills have been proposed by Senators Dan Patrick of Houston and Robert Nichols of Jacksonville that both effectively cap residential appraisal increases to five percent per year.  If approved, the current residential increase cap of ten percent will be reduced to five percent.

By eg blogger on 3/22/2011 11:42 AM

In a recent, interesting letter to friends, Former Senator and Republican Cook County Board President Candidate, Roger Keats, decided to move from Illinois to the Hill Country in Texas after losing last year’s race to Toni Preckwinkle.  According to Keats, the reason for the move was partially tax-driven.

By eg blogger on 3/17/2011 8:19 AM
In 2009, Texas voters approved a constitutional amendment that gave a state agency the power to enforce uniform appraisal standards.  This is a dramatic departure from the recent history of Texas appraisal districts, which had been primarily subject to local control and oversight.  At the time this amendment was proposed, voters were told that the sole purpose was to create uniform standards and not to pave the way for a statewide property tax (see the comments of Senator Tommy Williams prior to the November 3, 2009 election here).  That amendment led to an increased roll of the comptroller's office in regulating appraisal.



Now, Senator Robert Duncan (R-Lubbock) has introduced a bill that would create a statewide property tax administered by the property tax division of the comptroller's office.  The bill, S.B. 1858 which was filed yesterday, seeks changes to the property tax code and an amendment...
By eg blogger on 3/10/2011 10:45 AM

Jerry Nickelsburg, UCLA Forecast Senior Economist, recently ran an analysis determining where the California jobs are being distributed, and specifically if they went to Texas.  His findings, surprisingly claimed that although Texas outperformed California in certain industries, overall California is not lagging behind Texas and that the benefits of moving to Texas are vastly overstated.

By eg blogger on 3/9/2011 9:22 AM

Representatives Charles “Doc” Anderson, Farias, and Carter have jointly authored and proposed a bill (HB 472) that would extend property tax relief to a surviving spouse of a disabled military serviceman or woman.

By eg blogger on 3/8/2011 8:50 AM

New legislation has been proposed in both the House and Senate to provide an agricultural valuation to property tax for farmers that protect water resources.  The Nature Conservancy of Texas, a large advocate of the bill, claims that the proposition will not cost the state any money to enact this new exemption to property owners.

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