Business tax breaks closer to reality after Texas Senate approves compromise

Business tax breaks closer to reality after Texas Senate approves compromise

Texas business owners may see a lower tax bill in the future. The Texas Legislature is taking steps toward approving a deal that would lower certain taxes. Credit: Maria Crane for The Texas Tribune By Joshua Fechter, The Texas Tribune The Texas Senate advanced a bill Wednesday to give business owners bigger breaks on their property taxes — a key piece of a deal brokered on how to lower Texans’ property taxes. House Bill 9 by state Rep. Morgan Me…

Business tax breaks closer to reality after Texas Senate approves com…

The Texas House must approve changes to the proposal that were brokered by party leaders. It’s part of a package of bills to bring down property taxes statewide.

Texas Senate Advances Business Tax Relief Bill

The Texas Senate advanced a bill Wednesday to give business owners bigger breaks on their property taxes — a key piece of a deal brokered on how to lower Texans’ property taxes.House Bill 9 by state Rep. Morgan Meyer, R-University Park, would exempt up to $125,000 of businesses’ inventory from taxation by any taxing entity, including school districts, cities and counties. Texas is one of only a few states that taxes business inventory, often als…

Business tax breaks closer to reality after Texas Senate approves compromise - MyParisTexas

The Texas House must approve changes to the proposal that were brokered by party leaders. It’s part of a package of bills to bring down property taxes statewide. The Texas Senate advanced a bill Wednesday to give business owners bigger breaks on their property taxes — a key piece of a deal brokered on how to lower Texans’ property taxes. House Bill 9 by state Rep. Morgan Meyer, R-University Park, would exempt up to $125,000 of businesses’ invent…

NFIB Applauds Passage of Bill Cutting Texas’s Inventory Tax

AUSTIN (May 14, 2025) – NFIB State Director Jeff Burdett today applauded the Texas Senate for passing House Bill 9, a measure that would reduce the property tax burden o