Texas industries today pay 63% of all state taxes, while the national average is 45%. Shifting an even higher tax burden to business will further hinder our ability to create or maintain jobs. During the next legislative session, when Texas Senate leaders focus on property tax relief, they may likely focus on residential and small business tax reduction. That was certainly the case during the 2015 session. Expected proposals may include reducing the allowed maximum appraisal value increases on homes from the present 10% down to 5% each year. This proposal will shift tax value away from homes and create an even larger property tax value burden on business and industry. TAM hopes to work with Senate leaders on a plan that would limit tax rate increases each year, instead of artificial limits on taxable value increases. Last session, any rate increase limits were strongly opposed by cities and counties.