Public attention is currently focused on the large tax-cut bills that both the House and the Senate passed, in different forms. The House plan, which would reduce the rates of the sales and franchise tax, would cut the amount of
This week we’ve looked at a number of tax policy proposals coming out of the Senate, including those that are part of the $4.6 billion tax cut package announced by Senator Jane Nelson and Lt. Governor Dan Patrick.
UPDATE: Senator Robert Nichols (R – Jacksonville) announced a change to the proposal. The new proposal, which requires a constitutional amendment, would dedicate 50 percent of the revenue from the motor vehicle sales tax to highways in the following way: the