If the Legislature approves SB 4, Texas voters would have to approve the amendment to the state Constitution to make the tax cut permanent.

Priority legislation to address the state's affordability crisis passed the Texas Senate and is now headed for the state house. Senate Bill 4, which carves out a $140,000 homestead exemption, was approved unanimously on Thursday.

A 50% property tax reduction bill that passed the Senate on three readings has passed for the first time in the House. Wednesday evening, the House used a voice vote to approve Senate File 69, “Homeowner property tax exemption.