The House proposal to fix education, and lower property taxes, is
$1 per pack cigarette tax increase
$1 amusement ticket surchage, for movies and amusement activities
.25% sales tax increase
1.25% motor vehicle sales tax increase
new service taxes on barber and beauty services, legal services, accounting services, veterinary services, interior design services, and others.
Several sales tax exemptions will be done away with.
All this to compensate for a $.50 reduction in property taxes per $100 appraised value, plus a net gain of $700million, to go to under funded schools. Even though Texas and the TEA want to spend hundreds of millions to equip every student in 6th-12th grade with laptops by 2010.
Most home owners, will overall be paying less in taxes, but the vast majority of people will recieve a HUGE jump in taxes. Renters wont be paying less rent because of property tax reduction, then they have to pay the increases to cover the home owners reduction in taxes.
If you plan on purchasing a vehicle in the next year, Id do it sooner, rather than later.
$1 per pack cigarette tax increase
$1 amusement ticket surchage, for movies and amusement activities
.25% sales tax increase
1.25% motor vehicle sales tax increase
new service taxes on barber and beauty services, legal services, accounting services, veterinary services, interior design services, and others.
Several sales tax exemptions will be done away with.
All this to compensate for a $.50 reduction in property taxes per $100 appraised value, plus a net gain of $700million, to go to under funded schools. Even though Texas and the TEA want to spend hundreds of millions to equip every student in 6th-12th grade with laptops by 2010.
Most home owners, will overall be paying less in taxes, but the vast majority of people will recieve a HUGE jump in taxes. Renters wont be paying less rent because of property tax reduction, then they have to pay the increases to cover the home owners reduction in taxes.
If you plan on purchasing a vehicle in the next year, Id do it sooner, rather than later.
