TX Lege Trend: Fund Tax Cuts with Sales Tax Restructuring
Lt. Governor Patrick alluded that the solution for eliminating the property tax burden and inequities in the margins tax/franchise tax is with sales tax changes. Statesman
This big reveal is nothing more than a refresher course in consistent policies. Let’s look:
- The year, 2007, Senator Dan Patrick co–authors SB 407 , which would allow citiies, upon voter approval, to add a 1/4 sales tax increase.
- The year, 2011, Senator Dan Patrick authors S.B. 1215/SJR 36, which would allow school districts to receover lost revenue through sales tax exemptions.
- The year, 2014, Senator Dan Patrick explains his concept of swapping property tax for sales tax, including a revenue cap, while at the University of Texas forum. Statesman