HB92 — Relating to the repeal of or limitations on certain state and local taxes, including school district maintenance and operations ad valorem taxes, the enactment of state and local value added taxes, and related school finance reform; imposing taxes.

HB92 — Relating to the repeal of or limitations on certain state and local taxes, including school district maintenance and operations ad valorem taxes, the enactment of state and local value added taxes, and related school finance reform; imposing taxes. · Informed CitizenryHB92 proposes a significant overhaul of Texas school finance and taxation. It establishes a state value-added tax (VAT) at a rate of 6.72% on the supply of services or property in the ordinary cour…Open in Informed Citizenry