READ: “As the Economy Remains Uncertain & Tax Reform Remains Up in the Air, The More Challenging it Becomes to Predict & Plan Ahead”

May 26, 2023 Last Edit: June 5, 2025

READ: “As the Economy Remains Uncertain & Tax Reform Remains Up in the Air, The More Challenging it Becomes to Predict & Plan Ahead”

WIMBERLEY (May 26, 2023) – “Both Governor Greg Abbott and Lieutenant Governor Dan Patrick have committed to delivering real property tax relief this legislative session, and both the House and the Senate have passed their respective proposals,” writes NFIB members and small business owners Lisa and Dan Pitcher in an op-ed for The Hays Free Press. “As the economy remains uncertain – and the chances of tax reform remain up in the air – the more challenging it becomes to predict and plan ahead.” CLICK HERE to read the full op-ed. Background: Texas is one of nine states to fully tax inventory. The current exemption is $2,500, up from $500— which only recently increased in 2021. Before it was increased during the 87^th Legislative Session, the exemption had not increased since 1995. Business owners haven’t seen franchise tax relief since 2015. In December 2022, Spilman penned an op-ed for the Dallas Morning News outlining why property tax relief is crucial for small businesses and the Lone Stars’ economic recovery. CLICK HERE to read excerpts of the op-ed. In January 2023, NFIB launched the ‘Cut the Inventory Tax’ campaign, a paid effort including statewide radio and digital advertisements encouraging legislators to provide needed relief for Texas small businesses. Additionally, several NFIB members, including Andy Ellard, Tim Green, and Bud Walters, have been featured in local news coverage on the issue. To learn more, visit NFIB.com/TexasTaxCut. During his State of the State address, Governor Abbott listed property tax relief as his first emergency item for the legislature.

Topics:

Taxes

State:

Texas

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Learn More

July 27, 2026

Shop Small During New Mexico’s Back-to-School Tax-Free Holiday

Certain back-to-school items will be exempt from sales tax from Friday, July 31-Sunday, August 2

July 27, 2026

Podcast: State Tax Hikes on the Ballot This Year

Experts on the Small Business Rundown discuss proposed state tax increases and the impact higher taxes would have on small businesses across the nation.

July 27, 2026

Northern Illinois Sales Taxes Increase August 1

The higher taxes in Northern Illinois are to fund the Chicago-area public-transit system

July 27, 2026

Arkansas’ Sales Tax Holiday Weekend Is an Opportunity to Shop Small

Certain items will be exempt from sales tax Saturday, August 1-Sunday, August 2

READ: “As the Economy Remains Uncertain & Tax Reform Remains Up in the Air, The More Challenging it Becomes to Predict & Plan Ahead”

Related Articles