PUBLISHED 10:17 PM CDT Jul. 05, 2023AUSTIN, Texas — Texas House Speaker Dade Phelan and Lt. Gov. Dan Patrick are talking about tax reform. The two leaders haven’t been able to agree on the best way to provide property tax relief. But on Wednesday, the two met. When asked if a deal had been made with Patrick, Phelan said, “there’s always a deal.” What You Need To Know
The House plan focuses on driving down school district tax rates. This is what Gov. Greg Abbott specifically called for. A few more property tax-related bills were sent to committee on Wednesday as well and sent it to the House. It includes an amendment by San Antonio Democrat Roland Gutierrez to give teachers $2,000 to $6,000 bonuses depending on district size for the next school year. The plan would increase the homestead exemption to $100,000, which is the amount of a home’s value that cannot be taxed. It also puts money toward what the House wants, which is to cut school district tax rates.
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