ITC is proud to announce that it has attended the 2024 TTARA Annual Meeting, held on November 21st and 22nd at the Hyatt Regency in Austin, Texas.
Our team of property tax law experts, headed by our founder and CEO Mark Dzeda, was present for the event, which marked the 50th anniversary of the TTARA.
Keep reading to learn more about the 2024 TTARA Annual Meeting, the proposed bills that may affect your business, and the participation of ITC in the event.
Texas Legislature in Session: Status of Proposed Bills
Legislature is always among the key topics discussed in the TTARA Annual Meeting and this year was no exception.
During this year’s gathering, lawmakers, property tax law experts, and other leaders in the field discussed potential upcoming policies and fiscal challenges. Among the discussed topics were school vouchers, employer vaccine mandates, and property tax reforms.
Let’s take a moment to focus on the two areas that can have an influence on your business property tax bill: school vouchers and property tax reforms.
Private School Vouchers and Property Tax Reforms
Private school vouchers, like the one being proposed in the 89th Legislation, can produce a future tax spike, so discussions at TTARA centered around this potential challenge and how to prepare for it if the law passes.
Most notably, proposed real estate tax reforms that were approved during earlier sessions were also a hot topic of discussion.
The reform consists of a reduction in property taxes and new investment in key infrastructure like water, power grids, and broadband lines, with TTARA experts exploring each change as well as the impact produced.
Mark Dzeda, Founder and CEO of ITC is on the TTARA Board
Mark Dzeda, the founder and current CEO of ITC has been passionate about helping corporate clients save money for decades, and he now serves on the board of directors of the TTARA.
He relies on decades of experience leading several initiatives and is passionate about enhancing operational efficiency as well as compliance around tax across multiple verticals.
Staying Updated with the Property Tax Laws in Texas
Gatherings like the TTARA Annual Meeting allow you to stay updated with the property tax laws in Texas and can help you take advantage of every opportunity to save money come the end of the fiscal year.
Since there is no state income tax, Texas relies on a decentralized system that consists of many moving parts. These act like layers at a local and state level, with independent frameworks that determine how property is evaluated and managed.
In addition to the event itself, TTARA also provides resources like reports, legislative updates, and even professional advisors to companies that require additional support. If this is your case, ITC can help ensure that your company leverages every possible credit and deduction available to you. Contact us today to learn more.
What is the TTARA?
The Texas Taxpayers and Research Association (TTARA) is a trusted resource for understanding tax and fiscal policy in Texas. Celebrating 50 years of leadership, TTARA brings together lawmakers and other business leaders to promote equitable and efficient systems.
With its data-driven analysis and advocacy, the TTARA plays a pivotal role in influencing state tax laws, ensuring policies align with the state’s economic goals.
From property taxes to corporate taxation, TTARA helps stakeholders navigate the complexities of the system and provides a space for all relevant players to discuss the most relevant topics in the form of the Annual Meeting.
The TTARA Annual Meeting Explained
The TTARA Annual Meeting is a comprehensive event for Texas tax professionals and policymakers.
Held each fall, it offers a platform for leaders within the tax space to discuss fiscal challenges, share insights, and analyze upcoming legislation.
This year’s 50th-anniversary gathering in Austin featured expert panels on property tax reform, education funding, and infrastructure investments. With its endless networking opportunities, the Annual Meeting allows professionals to collaborate and exchange strategies with others from across the state.
The meeting’s presentations offer actionable insights that empower businesses to prepare for legislative changes and optimize their tax strategies, which reinforces the importance of staying informed in Texas’s evolving tax environment.
Understanding the Texas Property Tax Legal System
Understanding Texas property tax laws is not just about compliance—it’s about opportunity. By mastering the layers of local and state laws, businesses can uncover ways to reduce liabilities, optimize strategies, and secure valuable exemptions.
Let’s take a closer look at the advantages of understanding the tax system in Texas.
Save Time and Money
Knowledgeable planning allows you to align with current laws, leveraging exemptions and credits that directly impact your bottom line.
Implement a Property Tax Strategy
With a strategic plan around your property taxes, it’s possible to reduce your tax burdens while also benefiting from financial relief measures that are already at your disposal.
Increase Profitability and Lower Liabilities
The state of Texas has many ways to lower liabilities and boost your revenue, and a clear understanding of the existing laws and regulations will help you leverage every relevant credit and deduction.
Ensure Compliance in All Relevant Jurisdictions
Compliance across multiple jurisdictions prevents unnecessary audits or disputes, so it protects your business from legal exposure while building trust with local regulators.
Put Your Company on a Growth Trajectory
Effective tax management frees up capital for growth and investment, which sets up your company for long-term success.
Get Property Tax Assistance from Knowledgeable Experts
The 2024 TTARA Annual Meeting was chock full of valuable presentations, speakers with in-depth knowledge about Texas legislation, and information that will help your company prepare for future changes in property tax.
Our team of property tax law experts played an active role at the TTARA meeting as our CEO and founder Mark Dzeda is a member of the organization’s board of directors.
Tax professionals who stay updated with TTARA announcements and attend the annual meeting find the information extremely valuable because they can apply it to their actual jobs.
