Hayes County, Texas (KXAN)-Hayes Province has provided temporary restrictions against two housing financing companies outside the provinces, or hydropholic carbon compounds, regarding obtaining major residential developments, which officials claim will sweep the Hayes province of valuable tax revenues.
On Tuesday, Hayes Province announced a matter of restriction against Pecos Finance Corporation and Pleasanton Housing Finance Corporation for developments in San Marcos and Kyle. The officials said that HFCs acquired many large properties with the intention of removing about $ 230 million from the taxable value from the provincial tax base. The province said this is likely to lead to a loss of $ 500,000 in tax revenue.
“These organizations work without our inputs, support, or licensing,” provincial judge, Robin Bekira, said in a press statement. “They withdraw hundreds of millions of dollars from our property from our tax lists – and we rely on it to finance public safety, health and other basic services.”
The state lawmakers presented a couple of the laws of this legislative session, which aims to close the “gaps” that allowed HFCS to do so.
“While most HFCS is doing an important job to ensure access to our societies at reasonable prices, many hydrovorian carbon” travel “have benefited from a gap in the state law, allowing them to work outside the city or the boycott that it sponsored.
In March, Williamson Province filed a lawsuit against Cameron County Housing County for two future development. They say they are tax exempted.
“The Williamson Province does not need zero to the Cameron County Housing Corporation in Williamson Province. We haven’t asked for your help,” said Williamson Bill Bell Jafil Province at the time.
“What you really do is that you are stealing from the future of our educational children by creating these tax plans that robs the tax to pay it for teachers in the local semester. It is a mistake,” he continued.
Williamson Province said this issue is still hanging.