8. HB 3 2nd Reading

Passage. May 10, 2005, p 1868 HB 3 passed 21 - 10.

YCT Nay. HB 3 was the Senate Leadership’s property tax bill. Although it provided significant property tax relief, it included an altered payroll tax, a gross receipts tax, and imposed a ½ cent increase in the state sales tax. If it had become law, it would have been a net tax increase for 80 percent of all Texans. YCT favors tax reductions that are financed through spending restraint rather than tax shifts that increase most Texans’ tax burdens.