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Soured and Effect of New Taxes Discussed
A Texas Legislature preview outlines a looming tax shift for the Forty third Legislature with an expected loss of up to 4 million in state funds from a property tax exemption. Proposals include higher taxes on sellers incomes luxuries and fuels and retained emphasis on boosting ad valorem and production taxes to cover shortfalls. Industries warn against further tax hikes as layoffs and reduced hours spread, while neighboring states lure Texas businesses with cheaper taxes.
MENTIONED IN THIS ARTICLE
Austin
Dewey Young
Revenue and Taxation Committee
Comptroller’s Department
Joint Committee On Efficiency and Economy
Graves
Young
Texas
Congress
Louisiana
New Mexico
Arkansas
State Board of Control
Highway Department
Wharton
Brazoria
Cal
Attorney General’s Department
Midland
Union Sulphur Company of
Odessa
Harris County
Commissioners Court
Houston
Houston Post
West Texas Chamber of Commerce