Top Texas politicians are proposing a statewide sales tax rate increase of 1% (from 6.25% to 7.25%) to allow for lower property taxes across the state. The increase would have to be approved both by the legislature and by Texas voters later this year before it could go into effect. If the legislature and Texans approve the rate increase, it could go into effect by January 2020.
Texas Leaders Propose Increasing State Sales Tax to Lower Property Taxes
Michael Bartram
April 11, 2019
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Author
Michael Bartram
Michael Bartram, CMI is a Senior Regulatory Specialist within the Regulatory Analysis & Design Department at Sovos. Michael has over 25 years of experience in the transaction tax realm. His responsibilities include research of transaction taxes within the United States and Canada. Michael received his bachelors’ degree from Norwich University, is an active member of the Louisiana Association of Tax Administrators and holds a professional certification in sales tax from the Institute for Professionals in Taxation (IPT).
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