"Texas Senate Pushes Through $18 Billion Property Tax Cut Bill Despite Stalemate with House"

The Texas Senate has passed an $18bn property tax bill that includes more tax cuts for businesses, making it the largest property tax cut in state history. The bill gives homeowners approximately a 41% cut in their school taxes and gives businesses the biggest cut they've ever had. The bill also preserves the homestead exemption and creates new paths to save small businesses money. The House and Senate have yet to agree on a path forward, and the future of the Senate's new bill is uncertain.