Texas REALTORS® applaud progression of tax-relief measures

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Senate Finance Committee's vote is a welcome move forward.

CONTACT: Stacy Armijo - Pierpont Communications, 512-448-4950

Mar 18 2015 — Austin

The Texas Association of REALTORS® applauds the Senate Finance Committee’s vote to move tax relief forward. The proposed legislation would increase the homestead exemption, eliminate the franchise tax for a majority of small businesses in Texas, and place a constitutional prohibition on the application of a tax on any real estate transaction.

“We are thrilled that the Senate has prioritized meaningful, lasting tax relief for Texas homeowners and businesses and are thankful to Lt. Gov. Patrick, Chairman Nelson, and Chairman Schwertner for putting forth innovative solutions to this important issue,” said 2015 Texas Association of REALTORS® Chairman Scott Kesner.

“We are especially supportive of SJR 1, which would prevent future legislatures or local governments from imposing a tax on real estate transactions,” added Kesner. “The Texas Association of REALTORS® urges the Senate to act in the best interest of Texas homeowners and businesses by passing these measures and sending them to the House.”

The Texas Association of REALTORS® is one of the most active advocacy organizations at the Texas Capitol and supports legislative efforts to ensure Texas remains a great place to buy, sell, lease, and own real property. In recent years, Texas REALTORS® have supported responsible investments in the state’s water and transportation infrastructure, meaningful reform to the property appraisal process, and important consumer protections in real estate transactions.

About the Texas Association of REALTORS®

With more than 110,000 members, the Texas Association of REALTORS® is a professional membership organization that represents all aspects of real estate in Texas. We advocate on behalf of Texas REALTORS® and private-property owners to keep homeownership affordable, protect private-property rights, and promote public policies that benefit homeowners. Visit texasrealestate.com to learn more.

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