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Irving finance chief outlines effect of Texas HB9 business personal-property exemption on city revenue
Summary
CFO Brett Star told council a statewide change would remove about $143 million in taxable value from Irving’s rolls and reduce property-tax revenue by roughly $842,687 for fiscal 2026; staff proposed one‑time budget offsets to smooth the impact.
Brett Star, Irving’s chief financial officer, briefed council on June 25 about the fiscal impact of House Bill 9 and a related constitutional amendment proposed by House Joint Resolution 1, which would increase the business personal‑property exemption for taxable equipment and inventory.
Star said HB9 raised the exemption from $25,000 to $125,000 for business personal…
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