The Basics

Broad legislative agenda Traditional “real estate” issues Infrastructure Business climate Subcommittee process Six subcommittees New in Commercial Meet in the interim

TAR priorities – Property Tax relief – Business Tax relief – Transportation funding – TREC – Education

SJR 1 (Jane Nelson- R Flower Mound) Homestead exemption increase Currently $15k Proposed increase to 25% of median value statewide No Tax on Real Estate transactions … ever. (including commercial purchases and leases)

SB 7 (Nelson) would reduce the franchise tax rate by 15% SB 8 (Schwertner) would increase the floor for franchise tax liability from $1 million to $4 million SB 765 (Eltife) would repeal the professional fees that all brokers pay

To maintain current level of “suckage”, TxDOT needs billions of dollars …

Our policy – Pay as you go = conservative – Gasoline tax is outdated – Bond debt is crushing the state (nearly tripled since 2000) – Toll roads are up to 15x more expensive per mile

Proposition 1 (2014) – Voter mandate - 80% passage – A good first step SB 5 / SJR 5 (Nichols) – Would direct some proceeds of the motor vehicle sales tax to the state highway fund (NO TOLL ROADS) HB 13/ HJR 13 (Pickett) – Would dedicate $3 billion of net sales tax revenue to state highway fund (NO TOLL ROADS)

SB 699 (Eltife) / HB 1918 (Kuempel) – Broad bill – Highlights Education – Floor, no ceiling – CONTRACTS! Recovery Fund Complaint/Investigation/Enforcement procedures

Public Education – How are the schools? – Choice, curriculum, building toward the future – Lawsuit Higher Education – Excessive tuition and student loans – Delayed entry to the market Appraisal Reform – SB 773 (Hancock) – level the playing field between commercial and residential

HB 342 (Dutton) Relating to periodic reauthorization of municipal building permit fees. (Support) – Summary: Sets a time limit on building permit fees so that they are abolished after 10 years unless reauthorized by a majority vote of the city council at a public hearing. HB 1472 (Workman) Relating to the enforcement of requirements for the issuance of local permits by regulatory agencies of political subdivisions. (Support) – Summary: Allows the attorney general to bring an action to enforce the chapter on the issuance of local permits. Holds a political subdivision liable for actual damages and reasonable attorney’s fees if it is found in a civil action that a political subdivision violated the chapter on the issuance of local permits.

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Who’s on the (TAR (TAR governmental (consumer (Legislative (Jr. (TREPAC (Political Affairs Director)