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Dennis Bonnen Takes the Speaker’s Gavel

Bonnen’s unanimous election marks a new era of Texas House leadership for the first time in a decade. Meanwhile, the leader of the Texas Senate, Lt. Gov. Dan Patrick, was conspicuously absent on opening day.  The Texas Tribune recaps the swearing in and first day of the 86th Legislature.   Photo credit: Bob Daemmrich for The …

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Biennial Revenue Estimate Released

Texas Comptroller Glenn Hegar announced Monday that the state will have $119.1 billion for lawmakers to use in putting together the state’s 2020-21 budget. As the Texas Tribune reports, Texas Comptroller Glenn Hegar on Monday offered a cautiously optimistic outlook for the Texas economy, telling lawmakers they will have about 8.1 percent more state funds available …

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5 Trends to Look for in Real Estate Investing in 2019

Rebecca McLean, the Executive Director of the National Real Estate Investors Association shared her research into the state of the real estate industry during her keynote presentation at Equity Trust’s recent Wealth Building Summit. She shared that individual investors continue to make up a large share of the real estate investment market, and that number …

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Like-kind exchanges now limited to real property

WASHINGTON — The Internal Revenue Service recently reminded taxpayers that like-kind exchange tax treatment is now generally limited to exchanges of real property. The Tax Cuts and Jobs Act, passed in December 2017, made tax law changes that will affect virtually every business and individual in 2018 and the years ahead. Effective Jan. 1, 2018, …

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Texas Election Recap – What it means to TLDA

From our Media Partners at the Texas Tribune: Greg Abbott sailed to re-election with a double-digit margin, easily besting his Democratic challenger, former Dallas County Sheriff Lupe Valdez, with 56 percent of the vote to her 43. But lower on the ballot, Texas Republican incumbents won with much narrower mandates than they carried in years …

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