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Wednesday, May 8, 2024

Taxes News

From Lone Star Standard

TPPF, Every Texan joint statement: Chapter 313 business tax breaks 'not necessary'

By Press Release | 3 years ago

The Texas Public Policy Foundation and Every Texan released a joint statement regarding legislation to extend the Chapter 313 program of school property tax abatements.

Taxes

Bill proposes extension of Texas school district tax breaks for renewable energy companies

Texas lawmakers are proposing a 10-year extension and removal of job creation requirements from a tax abatement offered to big businesses by state school districts for renewable energy projects.

By John Breslin | Feb 15, 2021

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Taxes

Houston's 2019 fiscal health receives a 'D' in Truth in Accounting report

By April Bamburg | Jan 27, 2021

A Truth in Accounting report ranked Houston 58th out of 75 cities nationally in its financial health based on the 2019 fiscal year (FY).

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Taxes

Renewable energy subsidies in COVID relief bill 'is another example of political jujitsu,' CCME officer says

By Juliette Fairley | Jan 6, 2021

Renewable energy is the cheapest form of energy compared to coal and gas as the cost of wind fell 50%, and solar by 85%, in the past 10 years, Bloomberg reports.

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Taxes

Proposed Wichita County solar farm may receive millions in tax breaks

By Juliette Fairley | Nov 2, 2020

The Texas comptroller has granted EDF Renewables and the Electra Independent School District in Wichita County permission to cut a deal that will save the French company millions of dollars in constructing a solar farm, according to media reports.

From Lone Star Standard

Top marginal tax rate in Texas could reach 49.34% under Biden plan

By Metric Media News Service | 3 years ago

Under Democrat Joe Biden’s federal tax plan, the top marginal tax rate in Texas could hit 49.34 percent, according to a new analysis by the Tax Foundation.

From Lone Star Standard

Texas Gov. Greg Abbott gets ‘B’ grade for fiscal management

By Metric Media News Service | 3 years ago

Republican Gov. Greg Abbott received a grade of “B” from the Washington-based CATO Institute for his tax and spending policies since 2018, according to a ranking of governors that comes out every two years.

From Lone Star Standard

Texas sales tax revenue for July 2020 is up by 4.3% over previous year

By James Ledbetter | 3 years ago

The state's sales tax revenue was reported to be $2.98 billion in July 2020, 4.3% more than in the same month last year.

From Lone Star Standard

Statewide sales tax collections in April drop 9.3% from previous year

By Kyla Asbury | 4 years ago

Texas' state sales tax revenue for April totaled $2.58 billion, which is 9.3% lower than April 2019.

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Taxes

Houston residents should be cautious with free tax prep services, 60 Plus Association says

By April Bamburg | Feb 11, 2020

Residents in West Houston and Katy have new resources to get help filing their taxes this year, because the AARP Tax-Aide program has nine sites in those areas and will offer services through April 15, according to the Houston Chronicle.

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Taxes

Ohio company strikes deal with Texas school district for tax incentive

By Kimberly James | Jan 30, 2020

An Ohio company has made an agreement with a Houston-area school district that will slash taxes on a half-billion-dollar project.