Gov. Greg Abbott Thursday night praised the Texas legislature for passing historic property tax legislation – four days after the two chambers reached an agreement after seven months of stalemate.
The Senate passed two property tax bills, SB 2 and SB 3, on Wednesday. The House passed the bills and a resolution creating a constitutional amendment Thursday night. Then the Senate passed the resolution.
“I made a promise to Texans during my campaign that the State of Texas would use at least $13.5 billion from our historic budget surplus to provide substantial relief to property taxpayers across Texas,” Abbott said. “Today, we will deliver even more with over $18 billion in property tax cuts.
“The Texas House and Senate fulfilled our promise with an agreement that delivers a comprehensive, long-lasting solution to increasingly burdensome property tax bills. I thank my partners in the Texas Legislature for coming together to honor the best interests of hardworking Texans who want to own their property – not rent it from the government. I look forward to signing this legislation into law to provide Texans with the largest property tax cut in Texas history.”
After the House passed the bills and resolution, House Speaker Dade Phelan said, “I am thrilled to announce the overwhelming passage of the House and Senate’s ommibus property tax legislation. The passage of this $18 billion package is a testament to the unwavering commitment of Texas leaders to address the concerns of taxpayers and provide significant relief from the burden of escalating property taxes.”
