Texans pay the third highest level of state and local telecom transaction taxes in the nation. This brief examines the facts about Texas’ high rate, identifying over $382 million in telecommunications tax cuts that could be implemented by the 80th Texas Legislature.
Small Towns, Big Tax Increases
The city of Whitesboro ignited a firestorm recently when officials suggested adopting a tax rate that would have skyrocketed the average homeowner’s property tax bill by 61 percent. The initial public hearing to discuss the matter drew hordes of angry Whitesboro residents who voiced their discontent. So much so, in fact, that city councilmembers tabled...