Proposing a constitutional amendment requiring any increase in a rate of the franchise tax be approved by two-thirds of all the members elected to each house of the legislature.
Impact
The amendment, if passed, would fundamentally alter the legislative process regarding franchise tax increases in Texas. By requiring a two-thirds majority for approvals, it could lead to increased deliberation and discussion on tax matters, potentially making it more difficult for future legislatures to enact tax increases. This may also encourage a greater focus on tax policy and its implications for businesses and the economy, as legislators will need substantial support to implement any tax hikes, fostering an environment where fiscal prudence is prioritized.
Summary
HJR124 is a joint resolution proposing a constitutional amendment that mandates any increase in the franchise tax rate to be approved by a two-thirds majority of the elected members in both houses of the Texas Legislature. The resolution seeks to ensure that significant changes to the tax structure, particularly increases, require a higher level of legislative consensus, reflecting a desire for fiscal responsibility and higher stakes in tax decisions. The proposed amendment is specifically designed to prevent abrupt or unpopular tax hikes without broad legislative support.
Sentiment
The overall sentiment around HJR124 appears to be cautiously optimistic among proponents who view the requirement for a supermajority as a safeguard against excessive taxation. Supporters argue it will protect the interests of taxpayers and prevent hasty decisions made during times of budgetary constraints. Conversely, opponents may view this as an unnecessary barrier to essential revenue adjustments that are needed in response to economic changes or fiscal needs, arguing that it could hinder the ability of lawmakers to respond effectively to dynamic challenges.
Contention
Notable points of contention surrounding HJR124 include concerns about its potential to limit legislative flexibility. Critics may assert that requiring a two-thirds vote could constrain the legislature’s ability to react promptly to urgent fiscal needs or economic downturns that may necessitate increases in the franchise tax. Additionally, there may be debates about whether this mechanism could ironically lead to unintended consequences, such as increased dependency on other forms of taxation or budget cuts that adversely affect public services.
Proposing a constitutional amendment requiring the governor to call the legislature into special session on petition of at least two-thirds of the members of each house of the legislature.
Proposing a constitutional amendment requiring the lieutenant governor and speaker of the house of representatives to call the legislature into special session on petition of at least two-thirds of the members of each house of the legislature in response to a fiscal crisis, war, natural disaster, or emergency.
Proposing a constitutional amendment to set the salaries of members of the legislature and the lieutenant governor based on the average public school teacher salary in this state.
Proposing a constitutional amendment establishing an independent redistricting commission to establish districts for the election of the members of the United States House of Representatives elected from this state, the Texas Senate, and the Texas House of Representatives.
Proposing a constitutional amendment establishing an independent redistricting commission to establish districts for the election of the members of the United States House of Representatives elected from this state, the Texas Senate, and the Texas House of Representatives.
Proposing a constitutional amendment requiring the legislature to increase the basic allotment under the Foundation School Program and to adjust the allotment in a manner that reflects annual inflation.
Proposing a constitutional amendment requiring elections on proposed amendments to the Texas Constitution to be held in November of even-numbered years.
Proposing a constitutional amendment requiring the secretary of state to be elected by the qualified voters at a general election instead of appointed by the governor.