The Texas Senate Finance Committee has been tasked with several key reviews: Examining whether to continue increasing the Homestead Exemption, a policy that voters have strongly supported in recent years. Analyzing the effects of lowering the senior homestead exemption age from 65 to 55, a shift that would freeze home values ten years earlier for more than 3 million Texans. Studying how these potential changes could influence taxpayers, school district budgets, and the long‑t

The federal Opportunity Zone program , originally created under the Tax Cuts and Jobs Act of 2017 to encourage investment in low-income communities through tax incentives, will sunset at the end of 2026 . A new Opportunity Zone program , established by tax legislation passed in 2025, will replace it. Key milestones include: July 1, 2026 : State governors must designate new Opportunity Zone areas. January 1, 2027 : The new program officially opens for investment. What’s Changi

S.7, Texas—Corporate Income, Property Taxes: Voters Approve Tax Changes Nov. 7, 2025 TX  Property, Corporate Income In a statewide election held November 4, 2025, Texas voters approved several constitutional amendments making changes to the state's tax laws. Several of these amendments are aimed at lowering property taxes for specific groups: Proposition 7 (HJR 133): This amendment provides a property tax residence homestead exemption for the surviving spouses of veterans who