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Perry signs business tax bill into law [TEXAS]
Associated Press ^ | May 18, 2006 | ANABELLE GARAY

Posted on 05/18/2006 6:52:36 PM PDT by Dubya

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To: dfwgator
Once a Democrat, always a Democrat.

Well, except for Reagan of course.

101 posted on 05/19/2006 7:51:17 AM PDT by dfwgator (Florida Gators - 2006 NCAA Men's Basketball Champions)
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To: Rte66
Governor Hunk? But he's soooo photogenic!

He's cute but this bill he just signed ain't.

102 posted on 05/19/2006 7:54:04 AM PDT by mafree
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To: Orange1998
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.

Most commercial property is held in a limited partnership, not a general partnership. Many law firms are limited partnerships as well. Homeowners are not taxed a 95% of value. Much less. Not sure where you got your 50-70% value for commercial property valuation. That is low in my experience.
103 posted on 05/19/2006 7:59:25 AM PDT by cowtowney
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To: Dubya

~mark~ to follow discussion.


104 posted on 05/19/2006 8:01:20 AM PDT by ForGod'sSake (ABCNNBCBS: An enemy at the gates is less formidable, for he is known and carries his banner openly.)
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To: chuckles

I heard about a week and a half ago on a talf radio station in Houston the we can expect Strayhorn to run on a lower tax, cut spending and enforce the boarders platform. 11-06 will be very interesting.


105 posted on 05/19/2006 8:08:33 AM PDT by Hydroshock
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To: sinkspur
"School districts are a separate entity and the state is not going to audit them."

Let's start thinking out of the box here like conservatives. I think a commission comprised of retired CPAs and business executives would be willing to complete non-binding audits and efficiency reviews of school districts free of charge (travel expenses reimbursed) if Gov. Perry showed great leadership and encouraged them to serve.

"And an increase in the sales tax might work, but estimates I saw indicated it would have to go up a full percent. <snip> How is that any different from passing on a business franchise tax to consumers?"

I think many fiscal conservatives who prefer sales tax for school funding view it as a vastly more broadly applied, equitable measure that is impartially set against all taxpayers. The sad truth about HB3 is it specifically targets businesses in the small to medium-sized category that will be hit very hard. These are some of the most productive job creators in the Texas economy. Conservatives should never be the ones perceived to be punishing this group. HB3 is actually drawing in far fewer businesses to shoulder the load than represented by the Gov. and that is punitive.

Furthermore, there is great suspicion among conservatives that the HB3 business tax is vulnerable to tinkering and likely to be customized to the benefit of select groups with deep pockets and the most influential lobbyists. The Democrats will beat us about the head and shoulders when (not if) that happens, and deservedly so.

106 posted on 05/19/2006 8:30:50 AM PDT by Unmarked Package
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To: Unmarked Package
Let's start thinking out of the box here like conservatives. I think a commission comprised of retired CPAs and business executives would be willing to complete non-binding audits and efficiency reviews of school districts free of charge (travel expenses reimbursed) if Gov. Perry showed great leadership and encouraged them to serve.

Since the education establishment would scream about state intrusion over such a suggestion--as would their sycophants in the Democrat party--I'd be all for this, but after the election.

Strayhorn's full of it. She's going to run on "I'll cut taxes less, and find some spending cuts"?

Nobody will believe her. The cuts in the last legislative session were brutal, equaling nearly 2 or 3 billion dollars. What else is she going to cut?

107 posted on 05/19/2006 8:45:38 AM PDT by sinkspur ( OK. You've had your drink. Now why don't you tell your Godfather what everybody else already knows?)
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To: sinkspur

Keep school funding local. Keep the State and Federal meddling hands out of it. Don't like your school's level of funding - move.

The judiciary has stampeded the RINO legislature into bad law over an artificial deadline, which we will end up paying through the nose for a long time.

Meanwhile the Texas economy is going to start looking a lot like California - a paradise for the rich and entitled class "poor" with a lot of pain for the middle class.


108 posted on 05/19/2006 8:48:37 AM PDT by anymouse
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To: Aggie Mama

My school district did the same. Constructed a 21 million dollar stadium including large screen instant replay on LCD that would rival professional sports. Absolutely amazing considering school districts financial whining.

http://www.schooldesigns.com/ResultsDetail.asp?id=1727


109 posted on 05/19/2006 8:50:50 AM PDT by Orange1998
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To: demkicker; sinkspur

There's more than one layer to the new tax, too. I'm not a lawyer, but, as I understand it (admittedly, some of this is from the perspective of the Medical Association and Academy of Family Physcians lobbyists I've talked to):

Those docs who would never take Medicaid or Medicare will find themselves suddenly begging for this tax break.

Finally, the State Legislature has acknowledged that we lose money on Medicaid and Medicare patients.

Big corporations are going to have much greater incentive to move their corporate headquarters to Texas.

All corporations, Professional Associations, LLP's, and all those other business models that enjoy some "limited liability" from the State will have added incentive to provide health insurance and other benefits for their employees, while not having any sort of mandate.

Professional Associations, which are corporations for sole proprieters such as docs, will have better tax relief for health insurance, retirement, etc.


110 posted on 05/19/2006 8:58:04 AM PDT by hocndoc (http://www.lifeethics.org/www.lifeethics.org/index.html)
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To: sinkspur

Survey USA currently has Rick Perry's approval ratings at:

40% Like

54% Dislike

Perry is lucky that the opposition against him so divided.


111 posted on 05/19/2006 9:22:31 AM PDT by Kuksool
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To: cowtowney
"Most commercial property is held in a limited partnership, not a general partnership

True but my short post did not detail the structure. Every Limited partnership has a general partner usually a corporation with minimal ownership.

Homeowners are not taxed a 95% of value. Much less

I beg to differ. Consider yourself lucky if you get away with less than 95% of true value. Harris County has modernized the entire appraisal process. You would be amazed when protesting the value the information they acquired ie: satellite images and voice recording.

112 posted on 05/19/2006 10:17:33 AM PDT by Orange1998
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To: Kuksool

How old is that survey? Getting this through the legislature is going to help Perry.


113 posted on 05/19/2006 10:25:57 AM PDT by sinkspur ( OK. You've had your drink. Now why don't you tell your Godfather what everybody else already knows?)
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To: sinkspur

The survey was released yesterday.

http://www.surveyusa.com/50State2006/50StateGov060518State.htm


114 posted on 05/19/2006 10:29:08 AM PDT by Kuksool
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To: sinkspur
Solutions.

Since you bring it up - the first thing to do is rid the state of this Republican Governor. It should be clear to everyone, based on what's going on in DC and Austin, that having a Republican legislature is no better, fiscally, than a Democratic legislature, if the Republican Chief Executive allows insane spending growth.

On the hand, as when Clinton was President, the Republican controlled Congress was free to stop his spending plans. But when you install a free-spending Republican, as in Bush 43, then the legislative Republicans have a much more difficult time stopping him, due to (important) things like party loyalty. So, if we have a Republican legislature, with a Democratic governor, we have a better situation than we have at present in Austin. I would same the same for DC, except that national security still must trump in order of priorities and there are virtually no Dems that can be trusted in that regard.

On the other hand, if you elect a conservative governor/prez, and give him a Republican legislature, then you can finally get some serious reform started. Unfortunately, Perry and Bush both tricked us in that regard, so we must get rid of Perry. Unfortunately Perry's demise will take out a large chunk of good Republicans, since huge numbers of Republicans (me included) will now have to split our tickets.

See - there are solutions to the major problems of Texas.
115 posted on 05/19/2006 4:20:02 PM PDT by BobL
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To: BobL
You're a disingenuous political hack.

You have no solutions to the Texas school funding plan. You oppose Perry because of the Trans Texas Corridor, and you're piggy-backing on that.

Did you know that the Texas Supreme Court put a June 1 deadline on the state to come up with a constitutional school funding plan, or the Supremes would do it themselves?

You're just as clueless as the person you'll likely vote for, which would be any of the other three candidates for governor.

Cowardice is not a political virtue, Bobby. You can't do anything but gripe.

116 posted on 05/19/2006 4:30:24 PM PDT by sinkspur ( Don Cheech. Vito Corleone would like to meet you......Vito Corleone.....)
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To: Kuksool

>>>>"Perry is lucky that the opposition against him so divided'<<<<


Hair Club for Men is his only opposition.

TT


117 posted on 05/19/2006 6:25:29 PM PDT by TexasTransplant (NEMO ME IMPUNE LACESSET)
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To: sinkspur
Sinkspur

On an earlier thread I spelled out exactly how to cure our Education Woes, you never replied... you look it up.

Getting on BobL's case and attacking BobL as a political Hack just confirms that YOU are a Union Hack, which union do you draw your pay from?

TT
118 posted on 05/19/2006 6:36:41 PM PDT by TexasTransplant (NEMO ME IMPUNE LACESSET)
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To: Dubya

After reading that I broke out with hives, I itch everywhere.

TT


119 posted on 05/19/2006 7:17:55 PM PDT by TexasTransplant (NEMO ME IMPUNE LACESSET)
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To: stopem

I've reported quite a few businesses to www.wehirealiens.com.


120 posted on 05/19/2006 7:21:23 PM PDT by ovrtaxt (My donation to the GOP went here instead: http://www.minutemanhq.com/hq/index.php)
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