Media Advisory From the Office of State Senator Wendy Davis

FOR IMMEDIATE RELEASE
April 18, 2013
Contact: Rick Svatora
Communications Director
State Sen. Wendy Davis – District 10
512-463-0110

Senate Committee Considers Bill by Sen. Wendy Davis to Require Corporations to Pay Their Fair Share to Texas Education

AUSTIN — Huge corporations that are using their power to manipulate their property values to cheat Texas school children would be stopped by legislation offered by Sen. Wendy Davis today. A Senate Finance Committee panel this morning considered Senate Bill 1342, to ensure that Texas schools are not continually shortchanged by corporations that use a loophole in the law to avoid paying their fair share in school taxes.

Sen. Davis issued the following statement concerning Senate Bill 1342:

"Some corporations are using a loophole in state law to change the value used to appraise corporate property and escape from paying their fair share in school taxes," said Sen. Davis. "Texas students should not be subsidizing corporate profits while our schools are forced to cope.

"Each year, corporations avoid paying millions of dollars for public education by dragging school districts to court. Senate Bill 1342 will put a stop to that by requiring appraisals of corporate property to be relative to true market value.

"We expect our working families to pay their property taxes and their fair share to educate the children of Texas. It's important that we hold our corporations to the same level of responsibility."

Senate Bill 1342 Fact Sheet

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