Texas Comptroller Glenn Hegar has released the Tax Exemptions and Tax Incidence report. The report estimates the value of each exemption, exclusion, discount, deduction, special accounting method, credit, refund and special appraisal available to payers of Texas’ sales, franchise, motor vehicle sales, oil production and gasoline taxes, as well as property taxes levied by school districts.
For fiscal 2019, aggregate exemptions for these revenue sources will total an estimated $59.8 billion. Of this amount, exemptions related to the state taxes included in the report will account for $45.6 billion; school property tax exemptions will account for the remaining $14.2 billion.
For 2017, aggregate exemptions for these revenue sources will total an estimated $55.5 billion. Of this amount, the exemptions related to the state taxes included in this report will account for $43.7 billion; school property tax exemptions will account for the remaining $11.8 billion.
