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The Basics Broad legislative agenda Traditional “real estate” issues Infrastructure Business climate Subcommittee process Six subcommittees.

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Presentation on theme: "The Basics Broad legislative agenda Traditional “real estate” issues Infrastructure Business climate Subcommittee process Six subcommittees."— Presentation transcript:

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2 The Basics

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9 Broad legislative agenda Traditional “real estate” issues Infrastructure Business climate Subcommittee process Six subcommittees New in Commercial Meet in the interim

10 TAR priorities – Property Tax relief – Business Tax relief – Transportation funding – TREC – Education

11 SJR 1 (Jane Nelson- R Flower Mound) Homestead exemption increase Currently $15k Proposed increase to 25% of median value statewide No Tax on Real Estate transactions … ever. (including commercial purchases and leases)

12 SB 7 (Nelson) would reduce the franchise tax rate by 15% SB 8 (Schwertner) would increase the floor for franchise tax liability from $1 million to $4 million SB 765 (Eltife) would repeal the professional fees that all brokers pay

13 To maintain current level of “suckage”, TxDOT needs billions of dollars …

14 Our policy – Pay as you go = conservative – Gasoline tax is outdated – Bond debt is crushing the state (nearly tripled since 2000) – Toll roads are up to 15x more expensive per mile

15 Proposition 1 (2014) – Voter mandate - 80% passage – A good first step SB 5 / SJR 5 (Nichols) – Would direct some proceeds of the motor vehicle sales tax to the state highway fund (NO TOLL ROADS) HB 13/ HJR 13 (Pickett) – Would dedicate $3 billion of net sales tax revenue to state highway fund (NO TOLL ROADS)

16 SB 699 (Eltife) / HB 1918 (Kuempel) – Broad bill – Highlights Education – Floor, no ceiling – CONTRACTS! Recovery Fund Complaint/Investigation/Enforcement procedures

17 Public Education – How are the schools? – Choice, curriculum, building toward the future – Lawsuit Higher Education – Excessive tuition and student loans – Delayed entry to the market Appraisal Reform – SB 773 (Hancock) – level the playing field between commercial and residential

18 HB 342 (Dutton) Relating to periodic reauthorization of municipal building permit fees. (Support) – Summary: Sets a time limit on building permit fees so that they are abolished after 10 years unless reauthorized by a majority vote of the city council at a public hearing. HB 1472 (Workman) Relating to the enforcement of requirements for the issuance of local permits by regulatory agencies of political subdivisions. (Support) – Summary: Allows the attorney general to bring an action to enforce the chapter on the issuance of local permits. Holds a political subdivision liable for actual damages and reasonable attorney’s fees if it is found in a civil action that a political subdivision violated the chapter on the issuance of local permits.

19 Stay informed – Read and share the Legislative Liaison Invest in TREPAC – Support our friends Vote – Elect REALTOR® Champions – Pass friendly ballot measures Be a lobbyist – Hill Visits – April 14

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21 Raise your hand – your local administrator will unmute your group (yes, everyone will be able to hear you) Text your questions to

22 Who’s on the (TAR (TAR governmental (consumer (Legislative (Jr. (TREPAC (Political Affairs Director)


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