Research, Analysis, Posts, and Releases
The Texas Property Tax Replacement Plan - Constitutional Amendment
The Texas Property Tax Replacement Plan consists of the constitutional amendment for abolishing the property tax system, replacing it with a sales and use tax on all non cost of living sales, and implementing citizen control over tax rate increases for each taxing entity in Texas. This article walks you through each element of the amendment.
TPTRP - The Surplus Waterfall and Dedicated Funds
The Texas Property Tax Replacement Plan (TPTRP) comes with a key citizen protection - this consists of a surplus waterfall where entities are required to save surplus funds into predefined funds designed to remove dependence on bonds, and al return unused taxes back to the citizens. Preventing government bloat and overspending with additional citizen protections.
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.
How the Property Tax Replacement Plan Handles Bonds and Protects Texans
The Texas Property Tax Replacement Plan is designed to constitutionally guarantee bond holders under better terms through the replacement sales and use tax, and adds protections for citizens - including giving them first rights to purchase bonds they approve for their jurisdictions.
What Ending Property Taxes Means for TX House District 109
The Texas Property Tax Replacement Plan will end all property taxes in the state of Texas, as well as the business franchise tax, BPP tax, and other state level taxes - resulting in significant savings for families in Cedar Hill, Lancaster, DeSoto, Hutchins, Wilmer, Glenn Heights, and every city across Texas - an average of $8,775 a year!
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 Property Tax Replacement - What it Means for Texas Businesses
The Texas Property Tax Replacement Plan ends all property taxes, franchise taxes, BPP taxes, and other state level taxes, freeing up Texas based businesses, replacing it with a Sales Tax on all non cost of living transactions. This article covers the amazing impact this will have on Texas businesses, bringing much needed relief to keep Texas strong!
The TPTRP - The Tier Structure and Rate Coverage
The Texas Property Tax Replacement Plan utilizes the existing structure of the Texas Sales and Use Tax system, but better organizes it into 5 tiers, creating a structure for the absorption of Special Districts into their cities and counties. This article provides demonstration of how the new Sales Tax Rates cover all tax replacement obligations for each level.
Texas Property Tax Replacement Plan - The New Tax Base and Texas Living Exemptions
This article explains the full tax base available for determining an appropriate portion of the Texas economy for assigning the property tax replacement sales and use tax, exemptions for residential living cost reductions, and the full scope of taxes being replaced under the Texas Property Tax Replacement plan, showing the math behind the reduced sales tax rate required to end property taxes in Texas.
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.
The Action Plan: How Texas Ends Property Taxes
A Step-by-Step Implementation Timeline — What Happens, When It Happens, and Why It Works. We can begin the new form of taxation via legislation that reduces the Sales Tax while waiting for the constitutional amendment ending property taxes to pass the popular vote. No gaps, no losses, just a smooth transition with tremendous benefits for Texans.
Ending Property Taxes - Retaining Home Rule for Cities Satisfied
The plan to end property taxes by replacing it with flat, no exemptions sales tax does not disrupt city charters or interfere with the rights of cities to manage their own affairs. A constitutional amendment is required to end property taxes, but will not take away self governance, funding, or control over their interests.
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.
We Can End Property Taxes
We can replace property taxes, franchise taxes, and all other tax revenues for the state with a flat, no exemptions sales tax on all transactions, saving Texas households up to $4,000 annually and make Texas the most affordable state in the union.