Research, Analysis, Posts, and Releases
Taxing the Invisible Transaction — TPTRP Foreign Entity Sales Tax Framework
The Texas Property Tax Replacement Plan abolishes all property taxes, Franchise taxes, and BPP taxes, and replaces them with a 3.25% starting sales tax rate on all non cost of living purchases, saving millions for Texas based businesses and $7,000 for the average Texas household. It will also make sure that all foreign businesses collect an remit the sales tax in order to operate here - ending their special exemptions permanently.
Replacing Texas Property Taxes - Real Savings for Texas Families and Renters
Eliminating property taxes in Texas can be done, replacing it with a Sales Tax system that applies to all sales transactions excluding only cost of living purchases. This increases the tax base while reducing the tax burden on the lowest income families in the state, and saving the average Texas household over $7,000 a year.
Texas 5% Plan to End Property Taxes - Better for Renters
Concerns regarding the impact of the Texas 5% Plan on renters are reasonable concerns, especially regarding the lowest income quintile population. This article addresses these concerns and the landlords who are already not paying property taxes under special laws.
From Ballot to Handoff: How the Texas Property Tax Replacement Plan Actually Gets Done
The Texas Property Tax Replacement Plan is a complex series of legislative steps and events that will replace the Texas property tax system with a modernized Sales and Use Tax system with special citizen protections built in. This article provides the full plan timeline from proposed date of passage in the 90th legislative session through the end of the transition period.
The Economic Resilience of Texas - Sales Taxes Justified
Critics of ending property taxes, replacing it with a flat sales tax, suggest that economic volatility and lack of resilience make a sales tax unreliable as a means of revenue for government. This article uses real data to demonstrate such a position to be ungrounded in reality.