Tomlinson: Texas small businesses need a property tax break too

, and their tax bills consistently rise faster than profits.

Let me first acknowledge that many people already think businesses get too many tax breaks. But there is a big difference between what conglomerates get and what your neighbor does. The program allowed school districts to grant corporations up to a 20-year break on property taxes in return for significant investments in the community, with the state making up the difference so that schools wouldn’t lose any cash., saving tens of billions in taxes and sticking Texans with the bill. In the 2021 legislative session, a bipartisan coalition of lawmakers allowed the program to expire. Texas’s premier economic development incentive program is no more.

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Source: ABC7 - 🏆 67. / 68 Read more »