October 18, 2021      6:54 PM

In last minute bid for property tax reform, Sen. Bettencourt pushes SJR2 to raise homestead exemption to $40,000

With time running short and the House and Senate at a stalemate over property tax “relief,” the speaker’s office calls it a “healthy compromise”

As the House and Senate do not seem close to terms on how to move forward with property tax “relief” in this special session, Texas Senate Finance Monday evening quickly heard and voted out SJR2 by Sen. Paul Bettencourt, R-Houston, to raise the homestead exemption to $40,000.

This is after the House would not agree to the Senate’s proposal for M&O compression resulting in a one-time savings of $100 for a home valued at $300,000 and the Senate would not agree to use federal funds to send roughly $500 checks to homeowners next year.

When asked for comment, Speaker Dade Phelan’s Communications Director Enrique Marquez said, “It’s a healthy compromise.”

By Scott Braddock

Copyright October 18, 2021, Harvey Kronberg, www.quorumreport.com, All rights are reserved