Texas businesses feel the burn of higher taxes and look to legislature for help | mitchschnurman
, whose members include many of the state’s largest employers.
, president of the policy group, known as TTRA, and a former state budget director. “We just want to educate them and let them know there’s another side to this.”a senior fiscal analyst at Every Texan, a left-leaning advocacy group in Austin, said many businesses are effective at challenging tax appraisals and keeping property values low – often well below market rates.Texas is a textbook example of a regressive tax system, he said.
His take on Texas businesses carrying a heavy tax burden? “I’d say the corporate sector is doing a pretty good job of looking out for itself,” Lavine said. “And my organization is trying to look out for everyone else.” Various homestead exemptions remove an average 25% of market value from a homeowner’s property tax, the TTRA report said. Exemptions on business amount to about a 7% discount.
“The worst thing we could do with this huge surplus is to pick one set of winners to the exclusion of everything else in the economy,” Craymer said.
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