Texas Property Tax Battle Continues with Vetoes and New Plans

The Texas Senate has proposed a $12.7 billion bill to cut property taxes for all land-owning Texans, which includes targeted tax relief for homeowners, state funding for school districts to cut their tax rates, and more businesses receiving a break on their franchise tax bills. However, it is unclear whether the proposal will be acceptable to Texas House Speaker Dade Phelan or Gov. Greg Abbott, and how the bill would pass both chambers since the House has already adjourned for the remainder of the special session.