Tax fund that hasn’t been used since 2003 would reduce property taxes

The Governor’s Council on Tax Reform met Tuesday to make recommendations to Governor Kelly ahead of the 2020 legislative session.

The council is recommending that a tax reduction fund be restarted after not being used for nearly 17 years. The Local Ad Valorem Tax Reduction Fund has been in place for years, a percentage of the state sales tax is supposed to be distributed across the state.

“That goes to the local governments in order for them to reduce mill levies and reduce the property tax in local governments, whether they’re cities or counties,” explained Senator Steve Morris, Chair of the Governor’s Council on Tax Reform.

(Read more: KSN-TV)