This brief is based on testimony presented before the Senate Finance Committee, March 15, 2006. Foundation chief economist Byron Schlomach, Ph.D., provides a sound case for why Texas should move more toward consumption taxes and away from distorting taxes like the franchise tax.
Taxes & Spending
Texas City Eliminates Their Property Taxes
On September 10, the City of Von Ormy cut its already low property tax rate from $.12 to zero. Von Ormy has had a history of dedication to low, or no taxes, with 2024 being the first time they even adopted a tax rate since 2014. The city approved a zero-property tax rate even as...
September 22, 2026