Saturday, March 18, 2006

Special Session April 17th

Gov. Perry has called another special session to start April 17 to address school finance. http://www.governor.state.tx.us/divisions/press/pressreleases/PressRelease.2006-03-17.4405

How many times can we do this? Unfortunately, we have a surplus and we'll use it to make a two-year or three-year fix and address this again in 2009. More than likely, we'll increase the sales tax by 1/2 or 3/4 cents, add a dollar to the cigarette tax, and increase the sales tax on motor vehicles.

We'll also do some ticky tack things like eliminating the timely filer discount and implementing the liar's affidavit for used care sales, among other accounting tricks.

If they expand the franchise tax to include certain partnerships, I'd be moderately surprised; though I suspect there will be some attempt at closing loopholes in Delaware and Geoffrey.

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