January 7, 2013 4:39 PM

CHAIRMAN HILDERBRAN SAYS COMBS' ESTIMATES COULD LEAD TO SUBSTANTIAL TAX CUTS

Still analyzing, but optimistic both business and property taxpayers could benefit

House Ways and Means Chairman Harvey Hilderbran (R-Kerrville)has been working on developing tweaks and reforms to remedy some unintended inequities in the Margins Tax throughout the interim. Today he told QR that Comptroller Susan Combs’ revenue estimates makes him think that not only will the Legislature be able to cover all its deferrals and lose ends from the last session, but that there will be money left over.

“We are likely to have a $7 billion supplemental,” Hilderbran said. “It’s not only doable, it’s probable.”

By Harvey Kronberg