7. HB 3 2nd Reading

Passage to engrossment. RV 119, March 14, 2005, p 890 HB 3 passed 78 – 70 - 0. 

YCT Nay. HB 3 was the House Leadership’s property tax bill. Although it provided significant property tax relief, it included a payroll tax, several industry specific taxes, and imposed a 1-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.