Randy Keck/The Community News - State Rep. Phil King (R-Weatherford) explains recent property tax relief legislation to members of the East Parker County Chamber of Commerce at their luncheon Wednesday, July 12.
State Rep. Phil King (R-Weatherford) explained recent legislation passed to provide property tax relief to the state's property owners at the East Parker County Chamber of Commerce luncheon July 12 at Jubilee Trailhouse in Willow Park.
The legislature passed HB1, which reduces school property tax by 17 cents in 2007 and by another 33 cents in 2008. HB2 dedicates all new revenue to reducing school property tax rates, and HB3 enacts a revised business tax to replace the "loophole ridden" Franchise Tax in Texas.
For details of the program, see the July 14 issue of The Community News.