Texas House Planning to Use Federal COVID Relief Funds For Stimulus Checks for Homeowners
Texas Republicans want to use the billions of dollars in federal relief for the pandemic to send checks to homeowners in hopes to get votes next November.
According to the Texas Tribune, House members are calling it property tax relief and are hoping to put checks in homeowners' hands that claim a homestead exemption.
The checks the House is hoping to provide are planning on being $525.
Texas received $3 billion under the American Rescue Plan Act aimed at pandemic relief.
But most Texans don't own the property they live on.
“Here’s the problem: A third of Texans don’t own their property,” state Representative Gene Wu, D-Houston, said during debate on the House floor. “So none of this $3 billion would go to the one-third of Texans who rent. Not a penny.”
Republicans believe renters have already been taken care of in federal stimulus money for rent relief.
The checks would not arrive until next September just a couple of months before midterm elections.
So a homeowner who has a property of $300,000 would see $200 in temporary tax relief under the Senate proposal.
But this relief is not going to be coming until next year at the earliest so there is no need to check your mailbox anymore than you usually do.
But when it does come it will be a much-needed boost for property owners like me.
So get ready for more stimulus money coming in 2024.