Americans for Prosperity-Texas Applauds the Passage of SB 2 and SB 17
AUSTIN – Americans for Prosperity-Texas is commending the State Senate for passing two bills that will foster greater prosperity for individuals and businesses in Texas. Earlier today, the Senate passed Senate Bill 2, a bill that reduces the property tax burden on individuals and eliminates the petition gathering requirement to challenge a property tax increase through a public vote. Senate Bill 17 will make strides towards the full elimination of the Margins Tax, which is the tax on a business’ total revenue.
Today, the senate passed two bills that will reduce property taxes and take steps towards fully eliminating the Margins Tax
Americans for Prosperity State Director Jerome Greener issued the following statement:
“We would like to commend the Senate for passing these bills that will bring more economic opportunity to businesses and individuals here in Texas. These pro-growth reforms are major victories for our state and the Senate deserves credit for making progress.
“Senate Bill 2 will make housing and rent more affordable for families across Texas, leaving them with more money to spend on necessities for their families. Texas families shouldn’t be taxed out of their homes and rental properties because of burdensome tax rates and this bill will help ensure that is not the case.
“Senate Bill 17 will take steps towards eliminating the Margins Tax, making Texas’ already strong tax climate even stronger. Even though this is a good step forward by the Senate, we will continue to encourage the legislature to fully repeal the Margins Tax to allow our state to experience the economic success it has the potential to achieve.”
Americans for Prosperity (AFP) exists to recruit, educate, and mobilize citizens in support of the policies and goals of a free society at the local, state, and federal level, helping every American live their dream – especially the least fortunate. AFP has more than 3.2 million activists across the nation, a local infrastructure that includes 35 state chapters, and has received financial support from more than 100,000 Americans in all 50 states. For more information, visit www.AmericansForProsperity.org