Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate approves ballot measure to raise business personal property exemption to $125,000
Summary
The Texas Senate on Wednesday passed House Bill 9 and its associated constitutional measure to raise the business personal property exemption from $2,500 to $125,000 and send the amendment to voters.
The Texas Senate on Wednesday passed House Bill 9 and its companion constitutional proposal, House Joint Resolution 1, to raise the business personal property exemption from $2,500 to $125,000 and submit the amendment to voters.
Senator Bettencourt, the bill's Senate sponsor, told colleagues, "House Bill 9 would increase the business personal property tax from $2,500 to a hundred and $25,000, which will not only save our small businesses money, members, but it's gonna save them time." He said the change would average about $2,500 in annual savings per business at the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
