Perry signs business tax bill into law [TEXAS]

Associated Press ^ | May 18, 2006 | ANABELLE GARAY

[Dubya]

I AM HAPPY, HAPPY, HAPPY.

[Tarpon]

After all, got to cover those illegals, their kids need education too.

[AnnaZ]

"It is the largest of its kind in America and significantly reduces the impact of Robin Hood," he said, referring to a state system that distributes some money from wealthy districts to poorer ones.

I like to call it "Robbin' My 'Hood".

: \

[Dubya]

After all, got to cover those illegals

Thats for sure. Lot of the criminals around here.

[I got the rope]

Wow...Rick Perry...how very Republican of you.

[Dubya]

I like to call it "Robbin' My 'Hood".

LOL Thats a good one.

[Texas_Jarhead]

Good one.

[stopem]

"Businesses who hire illegal immigrants couldn't claim those tax deductions and face federal sanctions"

I could name names of tons of Texas construction companies that hire illegals. This is great!

[Dubya]

Carole Keeton Strayhorn

She gets more like a bad joke everyday. No one will have to say or do anything for her to beat. She is doing it to herself.

[demkicker]

Everyone might want to pay attention to the Texas govenor's race. Kinky Friedman might actually have a chance. Perry has just presided and is governing over a wreckless budget that he thinks can be tamed by higher business taxes.

WAKE UP, PEOPLE, BEFORE IT'S TOO LATE!!!!!

[Hop A Long Cassidy]

>>>"The law establishes a $3.4 billion tax expansion for next year and changes the state's business tax so more companies have to pay it."

This is quite some tax reduction!

[Muleteam1]

>>Under the school finance plan, property taxes on the average-priced Texas home would drop by nearly $2,000 over the next three years. <<

Does anyone know if this will affect (lower) property taxes on Texas commercial rental property?

Muleteam1

[Dubya]

Its my understanding that it will.

[Dubya]

Kinky Friedman

What a joke.

[AnnaZ]

Thanks, but I wish I was kidding.

I live in probably the priciest area in Austin, yet everything "extra" at the local schools is "fundraised" by the exceedingly peppy PTA. Everything. Yet the property taxes here should ensure each child a limo ride to class.

[Orange1998]

I believe so. Texas is a nondisclosure state which makes commercial property hard to appraise. Generally speaking commercial is 50-70% of true value. While, on the other hand homeowners are taxed nearer to 95% of value. Most homes are comparable in a neighborhood and they have access to MLS. This tax law is a boom to investors of apartment and office buildings since most ownership is held in general partnerships, thus tax exempt.

[Arizona Carolyn]

I saw Kinky on Larry King last weekend. He's a real character; Texas-like character.

[Dubya]

Yep it make some who get away with paying no tax pay some. A great move by the Gov..The the Real Property owners don't have to pay their share.

[185JHP]

I like this.

[Dubya]

I like this.

Me too. :^)