Tax Relief for Texans Estimator

While the federal government and some states are trying to figure out how to get their hands on every last taxpayer dollar, in Texas we’re trying to determine the best way to provide added tax relief. That’s because in Texas, we respect that it’s your money, not the government’s. You earned it – the government didn’t. And you, not the government, can be trusted to spend your money wisely. This page will give you a chance to see how much estimated tax relief each proposed cut can bring, and invites you to share your “tax relief formula” with Gov. Perry’s office. See how many and what type of cuts can net up to $1.8 billion in relief for Texas taxpayers.

Choose one or more of our tax relief methods below, not to exceed 1.8 Billion dollars.

Step 1: Choose Your Tax Relief Options

Personal Options

Lower the Sales Tax Rate from 6.25% to 6.00% ($1,000M*) Click for more information.
Additional Sales Tax Holiday Weekend ($130M) Click for more information.
Increase Homestead Property Tax Exemption by $5,000 per Year ($600M) Click for more information.
Increase Homestead Property Tax Exemption by $10,000 per Year ($1,200M) Click for more information.

Business Options

Lower the 1% Business Tax Rate to .75% ($1,000M*) Click for more information.
Allow a Business to Deduct 1099 Payments from their Business Tax ($280M) Click for more information.
Make the Small Business Tax Exemption Permanent ($166M) Click for more information.
Business Tax Credit for Research and Development Activities ($60M) Click for more information.
Sales Tax Research and Development Exemption ($300M) Click for more information.
Exempt Business Inventories from the School Property Tax ($1,400M*) Click for more information.
Communication Sales Tax Exemption ($600M) Click for more information.
Note: These numbers are estimates.
* Begins FY 2015.

Total: $0



Step 2: Answer a Few Questions

Are you a Texan?

            


Do you own a business?

            


 

 

Step 3: Submit Your Suggestion