Lt. Governor Dan Patrick, leader of the Texas Senate, has dug his line-in-the sand over property tax relief into a virtual trench.
With more than $17 billion already set-aside to lower taxes, Patrick favors raising the homestead exemption on every primary residence in Texas from $40,000 to $100,000 per year.
The House, led by Speaker Dade Phelan, has countered with a measure that does not raise the homestead exemption, but instead extends a larger portion of the tax relief to businesses, corporations, and commercial property owners which Patrick claims would effectively cut the rebate for Texas homeowners in half.
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