House Democrats attempted to insert benefits for renters and more money for public education into the tax-cuts package in a series of floor amendments but were unsuccessful.
The deal would channel $12 billion to reduce the school property tax rate for homeowners and business properties, increase the homestead exemption, and create a pilot program to reduce taxes on certain residential and commercial properties.
By Karen Brooks Harper and Joshua Fechter, The Texas Tribune
The governor stands behind his support of the Texas House tax plan despite Lt. Gov. Dan Patrick’s insistence that the Senate has a better deal for homeowners.
There is $5 billion and several political wedges standing between the House and Senate plans, which now move into conference committee with less than five weeks before session ends.
The Senate wants to raise the homestead exemption. The House wants to tighten the appraisal cap. Both chambers’ leaders are skeptical of each other’s proposal.
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