October 12, 2021      5:03 PM

In something of a surprise, the Texas House splits from the Senate in property tax proposal in SB1

Chair Meyer’s proposal would use $3 billion in federal coronavirus relief to provide a $533 check to everyone who claims a homestead in Texas

An unexpected Texas House substitute for Senate Bill 1 – passed out of Ways & Means this morning – would use $3 billion in American Rescue Plan Act funds to provide a $533 check to everyone who claims a homestead in Texas.

But be careful calling it “property tax relief.” That’s not allowed under current guidelines for federal COVID relief funding. Instead, the House proposal will likely label it something vague. The bill neither compresses property taxes nor differentiates between property values with that single check.

By Kimberly Reeves

Copyright October 12, 2021, Harvey Kronberg, www.quorumreport.com, All rights are reserved