AUSTIN, TX — In a landmark bipartisan victory for tax fairness and local control, Governor Greg Abbott has officially signed House Bill 21 (HB 21) into law, authored by Rep. Gary Gates (R- Rosenberg) and sponsored in the Senate by Senator Paul Bettencourt (R-Houston). Effective immediately, the new law closes a $5 billion loophole that allowed out-of-jurisdiction developers to exploit housing tax exemptions, stripping local communities of revenue while delivering no real affordability. HB 21 […]
