The old program, Chapter 313, gave manufacturing and energy companies steep initial discounts on their school property taxes in order to lure them to Texas.
There’s broad, bipartisan support in the Texas Legislature for using the state’s record surplus to cut taxes, but the Senate and House are at odds on how to accomplish that goal.
Both the House and Senate want to use billions to offset taxes, but one would be through appraisal caps and the other through raising homestead exemptions.
Texas House Speaker Dade Phelan’s proposal reveals the different roads the Texas House and Senate want to take on property taxes and the fight that might emerge between the two chambers this session.