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The last day to file bills for the 89th Texas Legislative regular session occurred on March 14th. Amongst a handful of bill priorities, property tax relief is once again in the mix.  Several bills have been filed on both the House and Senate side with aims of reducing property taxes on both residential and business properties.  A mix of approaches are being considered, including changes to school district rate compression, changes to appraisal caps, increases to the homestead exemption ($140,000, up from the current $100,000), and increases to the business personal property exemption ($250,000, up from the current $2,500).  
Additional information on SB4/SJR2, HB8, and HB9/HJR1 (as well as other relevant proposals) can be found here: Texas’ 89th Legislature Mid-Session Update – Advantous

In November 2024, the Louisiana Legislature held a special session on tax reform. Several changes were made to sales and use tax laws, including an increase to the state tax rate, adding additional taxable services, changing exclusions and exemptions, adding taxation of “digital products” and other issues.

Texas’ 89th Legislature is in full swing! The 2025 legislative session convened January 14th and is set to adjourn June 2nd. Early in the session, the Senate received their committee assignments and began advancing their legislative priorities with leadership from Lt. Gov Dan Patrick and Gov. Greg Abbott. The Texas House of Representatives are quickly catching up to speed after recently receiving committee assignments under new leadership from Speaker of the House, Dustin Burrows. Lawmakers have filed legislation at a rapid pace compared to previous sessions with almost 6,000 bills filed, which shows a busy few months ahead.  

Louisiana’s 2024 Third Extraordinary Session has officially adjourned sine die, concluding a 17-day legislative effort focused on two primary objectives: improving Louisiana’s national economic competitiveness through tax reform and bringing stability to the state’s budgetary processes to address projected deficits. Governor Jeff Landry championed these efforts with a tax reform package known as Louisiana Forward. Ultimately, the legislature passed several key measures included in the package, effectively overhauling the state’s tax code. Below is an overview of the key reforms and the changes taxpayers can anticipate moving forward.