How often can you lower your own taxes? You can do just that if you help get Proposition 9 passed in the November constitutional amendment election.
Proposition 9 would significantly increase your tax exemption on business personal property, such as furniture and computers.
Higher Exemption Means You Owe Less
Right now, you can only exempt $2,500 of the market value of your business personal property. If voters approve Proposition 9, the tax exemption jumps to $125,000. That could save your business hundreds of dollars or more each year.
Prop. 9 Means Less Work for You
Also, if the total of your business personal property is worth less than $125,000, you no longer have to report it to the appraisal district. That saves you time and money that you can reinvest in your business.
Your Agents Benefit, Too
Proposition 9 would also help your agents who are independent contractors; they will also be able to exempt $125,000 of business personal property in their businesses.
Tell Everyone You Know to Vote For Prop. 9
Your contacts may not realize how much Proposition 9 helps Texas small businesses and supports a strong economy. Talk about it with everyone you know and tell them to vote to lower business taxes in November!
Texas REALTORS® Also Endorses other Propositions to Lower Homeowners’ Property Taxes
See—and share—the full list of Texas REALTORS® endorsements, including increasing the residential homestead exemption, at texasrealtorssupport.com.
Previous advocacy wins included a tax exemption for personal vehicles used in your business, a reduction in the business franchise tax, and many others.
Don’t Forget to Vote November 4!
Early voting is October 20-31 and Election Day is November 4. Vote—and spread the word—to lower your taxes!
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