State and local tax news brought to you by Zaldivar and Associates
Everything is quite literally bigger in Texas. Here are 7 facts about the Lone Star State’s booming economy. 1. Texas has the 10th-largest GDP in the world, if it were its own country. According to a report by the American Enterprise Continue reading Texas – Top 7 Facts About Texas’ Booming Economy
Texas families and businesses can save on the purchase of certain water and energy-efficient products during the state’s Water-Efficient Products and Energy Star sales tax holidays. Both take place Saturday, May 25, through Monday, May 27. The Texas Comptroller’s office Continue reading Texas – Sales Tax Holidays For Water-Efficient, Energy Star Products Set For May 25-27, 2019
AUSTIN — Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $2.8 billion in April, 3 percent more than in April 2018. “State sales tax revenue continued to grow, but at a modest pace compared to recent months,” Hegar said. Continue reading Texas – State’s April Sales Tax Revenue Totaled $2.8 Billion
Top Republican leaders have proposed raising the sales tax and using the money to lower local property tax rates. Wealthier Texans and businesses would likely benefit, while poorer Texans would likely pay more. Texas Legislature 2019 The 86th Legislature runs Continue reading Texas – A Texas Sales Tax Increase Would Hit Poor People The Hardest
A new proposal from Texas’ most prominent political leaders would raise the state’s sales tax by one percent, which could generate billions of additional revenue to help provide property tax relief. However, many Texans debate whether the proposal would help Continue reading Texas – Ellis County Commissioners React To Governor-Backed Sales Tax Increase
Hurricane and storm season will be here soon, and Texans are urged to use the tax free holiday to stock up on preparedness supplies. HOUSTON — Texans can get the supplies they need this weekend tax free in preparation for Continue reading Texas – Sales Tax Holiday For Emergency Supplies Is This Weekend
Students are unlikely to see any benefits and could even be hurt by the state’s proposal to counterbalance the property tax rate cap with an increase in the state sales tax, experts say. However, in its current form, the tax Continue reading Texas – Students Unlikely To Benefit From Swap Of Property Tax Cap For Sales Tax Increase
The Senate Finance Committee on Wednesday approved two bills sponsored by Texas State Senator Jane Nelson, R-Flower Mound, allowing Texas to collect sales tax from remote sellers in accordance with the recent South Dakota v. Wayfair decision from the U.S. Continue reading Texas – Nelson’s Online Sales Tax Bill Passes Committee