The Republican-controlled legislature failed to provide property tax relief to Texans in the regular session, arguing over homestead exemptions, school tax rates and appraisal caps.
On Tuesday both chambers filed legislation picking up where they left off, hours after Governor Greg Abbott ordered a special session to cut property tax rates “solely by reducing the school district maximum compressed tax rate.”
On Tuesday morning Lt. Governor Dan Patrick, speaking at the Texas Public Policy Foundation, said any relief must also include homestead exemptions.that included property tax compression and homestead exemption, before recessing until Friday. “I have been crystal-clear that taxpayers deserve to receive the largest property tax cuts in Texas history, and SB 1 delivers on that promise sustainably and responsibly,” Patrick said in a statement.and border security bill before House Speaker Dade Phelan adjourned the special session.
“I want to thank Governor Abbott for his leadership and willingness to work with the House as we negotiated on these issues. His special session call gave us clear-cut direction to buy down property taxes using tax compression, and the passage of today’s legislation fulfills that call,” Phelan said in a statement.
Governor Abbott immediately praised the House’s version posting on Twitter, “It provides more property tax cuts than any other proposal at this time. I look forward to signing it when it reaches my desk. ”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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