The Tax Deal Status

The two-year, $3.8 billion tax-cut package, presuming final passage this weekend, will:

Cut the Franchise tax rates by 25 %  at a cost of $2.56 billion over two years. Comptroller Hegar Offers a History of the Franchise/Margins Tax.

Increase homestead exemptions on school property taxes from $15,000 to $25,000, with voter approval Nov. 3. The measure would save the average Texas property owner $125 per year.

Require a 60 percent vote by a local governing body before it could increase property tax rates.

Governor Abbott Statement (meaningful tax relief for Texans)

Lt. Gov. Patrick Statement (brings lasting, deserved property tax relief)

Comptroller Hegar (aplauds Legislature for making tax relief a priority)

Dallas Morning News Editorial   (needs (public education & TXDOT are unmet) Houston Chronicle Editorial (Cheap & unwise tax cut)

Empower Texas (tax payers still winning)

TPPF (Legislature right to cut franchise tax) (needed relief from excessive property taxes)

CPPP (Majority of texans will see little benefit & unfunded needs)