Whatever the case may be, the first $2,500 of those expenses were exempt from the small business personal property tax. The realness, that's nice but not a big help. So We increased that personal property tax exemption from $2,500 to 125,000 DOL. Small businesses to put more money in their own pockets or to hire more employees or extend business operations. Here's what we do though. (24:37–24:46)
CLAIM
Asserts that the personal property tax exemption for small businesses in Texas was increased to $125,000.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
